The next major development in IIABNY’s legal effort to overturn a New York regulation mandating producer compensation disclosure will occur Jan. 10, 2012, reports the Independent Insurance Agents and Brokers of New York.
Attorneys representing the association and Council of Insurance Brokers of Greater New York are preparing to meet with lawyers for the State Attorney General’s Office before a panel of judges at the New York State Supreme Court Appellate Division, Third Department in Albany. The lawyers plan to argue the merits of the IIABNY-CIGBNY appeal, which seeks to overturn a lower court ruling and prevent state regulators from enforcing Regulation 194.
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