NU Online News Service, July 10, 12:57 p.m. EDT
New York's latest proposal for producer compensation disclosure regulations has drawn criticism from risk managers while insurance agents groups mostly support it.
The Risk and Insurance Management Society said, in a statement the regulation posted Wednesday on the New York Department of Insurance Web site (www.ins.state.ny.us), the proposal is viewed "as a significant retreat from the regulation's premise of protecting the rights of insurance consumers."
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