New York state lawmakers are looking at a bill that couldrequire health insurers to add interest to late agent and brokercommission payments.
S. 7300 would require carriers to send out health insurancecommission payments within 45 days after receiving the premiumpayments for the coverage.
Unless a carrier had a good excuse for making the payment late,it would have to add interest.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
