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.

Popular Topics None Allows authors to enter rich text content. true 0 Normal true true true true true true true Modeless Default Cannot import this Web Part. /_layouts/images/mscontl.gif true 00000000-0000-0000-0000-000000000000 g_f63a7634_37c3_4cac_8c41_9fa37538538a /SiteCollectionDocuments/Popular Topics Webpart.txt


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


myCOI's suite of products provides you with the right solution to simplify the tracking process and minimize your risks of an uninsured claim and costly litigation...

RWH Myers

RWH Myers is committed to helping policyholders through business interruption and property damage claims, efficiently and accurately...


Navigant represents policyholders in the analysis of losses and preparation of complex insurance claims...