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PIA Teams up With Pennsylvania DOI for Anti-Rebating Webinar

PIA National and officials from the Pennsylvania Insurance Department teamed up to do a webinar to help educate independent agents on anti-rebating and inducement laws in Pennsylvania
June 26, 2012

PIA National and officials from the Pennsylvania Insurance Department teamed up to do a webinar to help educate independent agents on anti-rebating and inducement laws in Pennsylvania. The June 20 webinar featured Ron Gallagher, deputy commissioner, and Jack Yanosky, director, bureau of licensing and enforcement. Participants learned about ways to structure effective marketing programs without violating rebating and inducement laws. Most jurisdictions prohibit producers from reducing premiums or providing free services or other “valuable consideration” as an inducement to policyholders or prospective policyholders to purchase insurance, unless such “rebate” is specified in the insurance policy itself.

PIA appreciates this opportunity to work with the Pennsylvania Department of Insurance to help guide agents through these issues and we look forward to continued cooperation on similar education efforts.