The latest proposal from the insurance regulator could reduce commissions of life-insurance agents some more.
On 23 August, the insurance regulator released draft rules seeking to reduce the commissions that life insurers operating beyond their prescribed spending limits can pay agents for new policies sold. While the change is not as sweeping in scope as some previous ones, if it becomes law, this could mark the latest cut for agent commissions in an industry characterized by product complexity and sharp sales practices.
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