NU Online News Service, March 14, 3:43 p.m. EDT
Close to four years after the New York Department of Insurance proposed its disclosure rule for producer compensation, a risk-management association and an independent-agents group remain at odds over the implications of Regulation 194, issuing dueling statements over its impact.
Today, The Risk and Insurance Management Society Inc. issued a statement approving of last Thursday's decision by the Appellate Division of the Supreme Court of New York that upheld Regulation 194.
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