Skip Ribbon Commands
Skip to main content


RIMS Speaks Out on Producer Compensation Disclosure in NY Insurance Department Discussion 3/11/2009


On March 10, the New York State Insurance Department hosted a roundtable discussion between insurance carriers, brokers and commercial insurance buyers on the issue of producer compensation disclosure. During the discussion, the Society reiterated its position that all forms of broker compensation, both direct and indirect, should be disclosed in writing to the buyer. This will allow the buyer to evaluate all possible factors which may have influenced the broker’s recommendation. The Society will be providing formal comments on the Department’s proposed regulation by March 13.

Click here to read the complete draft of the proposed regulation. For more information on RIMS position on contract certainty, click here.


Risk Knowledge is a searchable library of relevant information for today's risk professionals. Available materials include RIMS Executive Reports, survey findings.

Search By Categories
Search By Types
Search By Date


Access the most comprehensive directory of solution providers for risk professionals.

Starr Companies

Starr Companies is an international, privately held, insurance, financial services, and investments organization...


Lloyd's is often the first to insure new, unusual or complex risks...

RWH Myers

RWH Myers is committed to helping the Risk Manager through business interruption and...