It's interesting to see another perennial insurance issue come cropping up again. This time, the Thing That Wouldn't Die is the so-called “rebating” flap. Not surprising, I guess, in these days of super-sensitivity around contingent commissions — but most of the time, the controversy takes the form of whether insurance agents and companies can give away calendars, pencils, mouse pads, and other promotional junk to customers….constitutes a form of customer bribery — or at least I believe that's the legislative thinking around it.
From the 8/25 issue of National Underwriter:
“The Iowa Insurance Department, reversing an action in June, has decided it will allow insurers to provide promotional trinkets and brochures to policyholders or prospective policyholders.
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