Disclosure and Transparency of Compensation

Our company has been providing COLI- and BOLI-related brokerage services to clients for over 20 years and has operated with a 100% disclosure model from the outset. Greater transparency and disclosure of insurance commissions and related compensation are in everyone’s best interest. This view certainly goes against the grain of the insurance brokering industry, and it has its downsides. Nevertheless, the benefits of full and uniform disclosure far outweigh the disadvantages. The following paper explores the benefits and the legitimate concerns regarding fully disclosing compensation.