The National Association of Insurance Commissioners announced that it has recently formed the Executive Task Force on Broker Activities to gather facts and coordinate activities to address alleged criminal misconduct and violations of existing insurance laws involving insurance companies and insurance brokers. The task force is composed of 13 member states: California, Connecticut, Georgia, Illinois, Maine, Missouri, Montana, New Jersey, New York, Oregon, Pennsylvania, South Carolina and Texas. The task force will also work on a model law regarding brokers’ disclosure of compensation.
Was this article valuable?
Here are more articles you may enjoy.
Toilet Paper Warehouse Fire Investigators Review Viral Video 
Verisk: Insurance Claims Volume Fell to 5-Year Low in 2025 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI From This Issue
