NU Online News Service, Nov. 17, 2004, 4:33 p.m. EST
A major agent group says it is eager to work with regulators to address problems with the insurance sales process.[@@]
The National Association of Insurance and Financial Advisors, Falls Church, Va., has put out statements in the past that oppose moves to require insurance brokers to disclose commission arrangements and other compensation arrangements during the sales process.
Now NAIFA has responded to the Senate insurance brokerage hearings held Tuesday by issuing a new statement.