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#8 Major Brokers Start Accepting Contingents Again--With One Exception

After five years of being subject to what some publicly argued was an unlevel playing field, state attorneys general relented, agreeing to lift the ban and allowing the three major insurance brokerage firms.

By Mark E. Ruquet | Updated on December 19, 2010

After five years of being subject to what some publicly argued was an unlevel playing field, state attorneys general relented, agreeing to lift the ban and allowing the three major insurance brokerage firms to collect contingent commissions.

That would not put an end to the controversy in 2010, however, as one broker voluntarily continued the ban, turning its stance into a marketing position. In addition, one state’s attempt to mandate tighter regulations over disclosure would be met with protest and a legal challenge.

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