News from New York State Insurance Department

For more information contact: Ron Klug, 212-480-5262

Media Advisory: Attorney General, Ins. Department Holding NYC Public Hearing July 25 on Broker Compensation

NEW YORK, NY (07/23/2008; 1015)(readMedia)-- The New York State Insurance Department and the New York State Office of the Attorney General will hold a joint public hearing on July 25 in New York City on compensation arrangements for insurance agents and brokers and disclosure of fees to customers. The hearing will cover forms and disclosure of producer compensation, and if steering is associated with certain forms of compensation, the mechanisms that are most effective to curb such practices. It is designed to get the views of all interested parties on the proposed addition of a new regulation governing compensation and disclosure.

WHERE:

New York University

Eisner & Lubin Auditorium

4th Floor

Helen and Martin Kimmel Center for University Life

60 Washington Square South

New York, NY 10012

WHEN: Friday, July 25. The hearing will begin at 10 a.m. and continue until 5 p.m. or until testimony is complete.

WEBCAST: The hearing will be webcast live at www.totalwebcasting.com/live/nysins.

Press Contacts:

OAG: Matthew Glazer 212-416-8060

NYSID: Ron Klug 212-480-5262, 347-203-1167

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