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 ...
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 ...
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 ...
Q: Was the federal law prohibiting international rebating ever repealed?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 ...
Norwegian Cruise Line said last week that its rebating policy had not been clearly understood or effectively and equally managed by the travel agent community. The line informed travel agents that it ...
The Public Investors Advocate Bar Association (PIABA) today slammed the recent decision by the Financial Industry Regulatory Authority (Finra) to approve a $50 million rebate to its member firms ...