Georgia Insurance Commissioner Tells PIA He Will Not Sign Settlement Agreement

 

In a keynote address to more than 500 agents during PIA of Georgia’s annual Education EXPO in Atlanta on September 26, Georgia Insurance Commissioner John W. Oxendine said he will not sign on to recent controversial proposed settlement agreements with insurance companies, such as the one involving Zurich, which require that agents use a court-mandated form to disclose current and future commission levels to their insureds.

Oxendine stated that he “has no plans to require Georgia’s agents to take part” in the disclosure and felt it “served no worthwhile purpose.”

Oxendine added that the Georgia PIA is a valuable resource. “Every agent needs to be a member of a professional association. When I have concerns or need input, I always know I can turn to PIA for help and direction,” Oxendine said.

PIA’s Education EXPO features nationally recognized speakers utilizing a two-day format that annually draws over 975 participants. The September 26 event was the largest single-day session, drawing 561 attendees. Collectively, this year’s Atlanta event and one in Macon will have provided a total of over 15,500 CE credits.

Ga. Commissioner Reaffirms Support for Agents at PIA EXPO (Yahoo Business 9/29/06)

October 3, 2006

 

PIA of New York Testifies at Albany Compensation/Disclosure Hearings

Connecticut Supreme Court Allows Damage Suit Against Marsh to Proceed

AIG Pays $12.5 Million to Settle with States Over Bid-Rigging Allegations

Action on Resolution Opposing Abuse of Settlements Postponed

Patricia A. Borowski
Sr. VP, Government/Regulatory Affairs
patbo@pianet.org
(703) 518-1360

Mike Becker
Director of Federal Affairs
mikebe@pianet.org 
(703) 518-1365