The Executive Committee of the National Association of Insurance Commissioners adopted language today designed to allow for "rebates" to be offered to consumers. The committee unanimously adopted an ...
Just in time for the holidays, the Innovation and Technology Task Force (Innovation TF) and the NAIC Executive (EX) Committee adopted revisions to Section 4(H) of the NAIC Unfair Trade Practices Act ...
As part of our insurtech practice, we are frequently asked to advise on state insurance anti-rebating laws. These laws prohibit insurance companies or brokers from providing policyholders with ...
Recent settlements involving Zenefits and state insurance departments cast a spotlight on so-called anti-rebating laws to prevent benefit brokers from illegally luring in customers. They’re also ...
FARGO — A Fargo insurance agent has been fined for providing gifts to clients in violation of state rebating laws. The North Dakota Insurance Department fined Tyler Bjerke $136,500 and placed his ...
Q: Was the federal law prohibiting international rebating ever repealed? If not, is it legal to rebate part or all of the commissions that some U.S. and foreign carriers pay us? If so, what trouble ...