Yesterday, the American Bankers Insurance Association (ABIA) hosted a Compliance Webinar and Discussion Group on Insurance Producer Compensation. Chrys Lemon and Michael Aphibal, McIntyre & Lemon, PLLC discussed insurance producer compensation regulations for banks. This webinar provided an overview of when compensation may be paid to those who engage in insurance and insurance-related activities and what disclosures are required. In particular, the webinar addressed compensation paid to bank employees, compensation disclosure rules in New York, and issues that turn up in captive reinsurance arrangements.
View the presentation.