This is precisely the problem with all the half-baked “solutions” being floated around right now on the producer compensation issue; specifically, the obligation to present only the best or most suitable product.
If in fact the State Farm product is broader, than the extra cost (if any) is justified. If it is broader and the cost is the same or less, then it’s clearly a decision in the best interest of the consumer.
It’s too bad that so many of these news articles either omit or ignore significant details.
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
How many insureds truly know what they have? Not the majority you can bet on that!
This is precisely the problem with all the half-baked “solutions” being floated around right now on the producer compensation issue; specifically, the obligation to present only the best or most suitable product.
If in fact the State Farm product is broader, than the extra cost (if any) is justified. If it is broader and the cost is the same or less, then it’s clearly a decision in the best interest of the consumer.
It’s too bad that so many of these news articles either omit or ignore significant details.