Oversight

Oversight Hearing on Insurance Brokerage Practices, Including Potential Conflicts of Interest and the Adequacy of the Current Regulatory Framework

Date: November 16, 2004

Time: 10:30am

Agenda:

This oversight hearing will focus on insurance brokerage practices, such as contingent commissions, that raise conflict of interest questions, and whether these practices harm consumers or suggest changes to the existing regulatory framework.

Witnesses

Panel 1

Eliot L.

Spitzer

Attorney General

Office of the New York State Attorney General

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Panel 1

The Honorable

Gregory V.

Serio

Superintendent of Insurance, State of New York

Representing the National Association of Insurance Commissioners

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Panel 2

Albert R.

Counselman

President and CEO, Riggs, Counselman, Michaels & Downes, Inc.

Representing the Council of Insurance Agents and Brokers

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Panel 2

Janice

Ochenkowski

Vice President for External Affairs, Risk and Insurance Management Society

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Panel 2

J. Robert

Hunter

Director of Insurance, Consumer Federation of America

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