Oct. 27--Consumers shopping for health insurance in the federal government's online marketplace will likely have fewer people to turn to with questions this year, following a Highmark decision to stop ...
The Medicare open enrollment period already was off to a rocky start and it just became a bit rockier. Medical Mutual became the latest carrier to announce it is suspending agent commissions. In a ...
Agent commissions rose sharply across India’s insurance industry in 2024-25, growing significantly faster than premium ...
Generally, a bona fide, arm’s length sale of a right to receive renewal commissions can successfully transfer the federal income tax liability on an insurance agent’s renewal commissions to the ...
Most consumers don’t realise how insurance agents are compensated, which can help explain why certain products are often promoted more aggressively.
Renewal commissions payable after the death of an insurance agent are “income in respect of a decedent” for income tax purposes. Additionally, the value of the right to the commissions is includable ...
The non-life insurance sector is gearing up for a fresh start as the Insurance Development and Regulatory Authority (IDRA) enforces a zero-commission policy, effective 1 January, suspending the ...
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