No. of Recommendations: 7
http://online.wsj.com/article/SB1000142405270230417710457730...

It long has been one of the most tightly held secrets in the financial-services world: what your insurance agent is paid.

That might be about to change, thanks to a new regulation in New York.

Agents and brokers in the state now are required to alert clients, in writing, how they are being compensated, and to provide specific details to clients on request. In March, the rule—which originally took effect in January 2011—survived an appellate-court challenge by an agents' group.

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