The national board of the Independent Insurance Agents & Brokers of America (IIABA) announced today it has adopted a new policy on producer compensation disclosure by carriers.
The policy seeks to avoid disparate and conflicting company requirements, and to encourage carriers to consult with IIABA, its state associations and independent agents before implementing any producer compensation disclosure.
The IIABA national board said it adopted the policy during its meeting in conjunction with the Big "I" Convention this month in New York City.
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