13-STATE NAIC TASK FORCE TO PROBE BROKERS:

The National Association of Insurance Commissioners announced that it has recently formed the Executive Task Force on Broker Activities to gather facts and coordinate activities to address alleged criminal misconduct and violations of existing insurance laws involving insurance companies and insurance brokers. The task force is composed of 13 member states: California, Connecticut, Georgia, Illinois, Maine, Missouri, Montana, New Jersey, New York, Oregon, Pennsylvania, South Carolina and Texas. The task force will also work on a model law regarding brokers’ disclosure of compensation.