NAIC On Our Commissions and MLRs

[insurehound]

Sorry if this has already been discussed...

http://www.lifeandhealthinsurancene.../PPACA-Commissions-Stay-in-MLR-Blank.aspx?nul

I feel very confident that our friends at the insurance companies, the NAIC & the Goberment will make sure that we are fairly compensated (yeah right).

 

[Paradigm]

Sorry if this has already been discussed...

PPACA: Commissions Stay in MLR Blank

I feel very confident that our friends at the insurance companies, the NAIC & the Goberment will make sure that we are fairly compensated (yeah right).

The fear of market disruption may be the main reason commissions are not cut as drastically as some here surmise. Also buried in the link posted is the provision that the NAIC intends to phase in the MLR requirements from 2010 - 2014 that leads me to believe that the NAIC isnt recommending that carriers have to meet the 80% and 85% MLR's in the first and second calendar years which could lead to less downward pressure on compensation.

 

[CHUMPS FROM OXFORD]

Bless you Mary Jo