anti-rebating law for insurance producers News

Why States Should Drop Insurance Anti-Rebating Laws: Viewpoint

For the commercial property and casualty, and employee benefits segments of the insurance industry, anti-rebating laws are both nonsense and anti-consumer. Competition is intended to protect competitiveness in the marketplace, not to protect competitors. Producers need to be able to …

New Hampshire’s Raffle Law Takes Effect

New Hampshire’s new law removing the monetary cap on prize values at promotional raffles and other similar events conducted by insurance producers went into effect this month. H.B.171 (“An Act relative to rebating”), which was signed by New Hampshire Gov. …

New N.H. Law Removes $1,000 Annual Cap on Raffles for Producers

New Hampshire Gov. Maggie Hassan recently signed into law H.B.171 (“An Act relative to rebating”) that would remove the annual $1,000 monetary cap on contests, sweepstakes, raffles or drawings conducted by insurance producers in connection with the marketing or promotion …