MIAMI – A pair of insurance agents based out of Miami are facing felony charges after state investigators said they stole clients’ identities, took out fraudulent life insurance policies without their ...

The committee formed under the Life Insurance Council to review the commission structure in the life insurance sector has recommended capping distributor commissions or deferring them to ease ...

Government and regulators have focussed on upfront life insurance commissions purely as a dollar amount and have not considered how they work within the advice sector while not acting on churn in ...

While the Life Insurance Framework (LIF) is not perfect, current commission caps are appropriate particularly for advisers dealing with clients in their 40s and 50s with complex needs, according to ...

High commissions in the insurance sector have recently drawn the attention of the government and regulators, Emkay Global said citing growing concern that distribution and operational costs are ...

According to sources, the DFS has written to both life and general insurers through industry councils, seeking detailed explanations on why commission expenses have risen disproportionately without a ...