How captive and independent agents are affected by the DOL rule

November 21, 2023 by John Hilton

The new Department of Labor fiduciary proposal is nearly 500 pages and has a lot of details. But the biggest fight is going to come down to how agents are regulated – and that goes for both independent and captive agents.

Should the new fiduciary proposal become law, life will change for both of the two types of agents, said Fred Reish and Brad Campbell, partners at the law firm Faegre Drinker Biddle & Reath.

The new rules would clear up a lot of ambiguity, although not in a welcome way for those impacted.

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Originally Posted at InsuranceNewsNet on November 14, 2023 by John Hilton.