WASHINGTON–The Independent Insurance Agents and Brokers of America says a key legislative priority this year is for various jurisdictions to provide reciprocal licensing for agents and brokers.
In a statement outlining its legislative agenda, at both the federal and state levels, in 2007, the IIABA also mentioned as a goal halting state attorneys general from what it sees as a usurping of the authority of state regulators' and legislators' governance of incentive compensation.
Attorneys general have forced many brokers to give up paying contingent commission fees after charging they have served as kickbacks for steering business.
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