Agent Urges 'Revisit' of Tough Regulations

Thu, Nov 4th 2010, 11:00 PM

"OPPORTUNITIES" presented by the Insurance Act for smaller insurance agents and brokers are "to partner, to merge or to sell their portfolios", said the head of a leading agency, as its new regulatory requirements impose financial and other compliance demands which, in some cases, are so burdensome that they "should be revisited". John Dunkley, president and managing director of NUA Insurance Brokers and Agents, warned colleagues that they must dedicate time to studying the requirements of the Insurance Act and its regulations ahead of the extended September 30, 2011, deadline for all brokers, agents and insurance...

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