Search
 

A Question Of Ethics: Can Contingencies Be Paid Without Creating Conflicts?

For this column, we asked readers to respond to the possible ethical questions raised when producers accept contingent commissions for delivering a certain volume or quality of business as part of

By Peter R. Kensicki | Updated on December 07, 2008

For this column, we asked readers to respond to the possible ethical questions raised when producers accept contingent commissions for delivering a certain volume or quality of business as part of their compensation from carriers. Are there ethical methods of recognizing potential conflicts of interest in producer compensation and, other than prohibiting such bonus fees altogether, what are some ethical ways of reconciling those conflicts?

Given the nature of the questions, responses generally revolved around the ethics of contingent commissions and how any potential conflicts of interest can be ethically treated.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.