New Jersey A4439 mandates health insurance producers to disclose earned income details to purchasers.
New Jersey A4439 requires health insurance producers to disclose specific earned income details to purchasers. This includes the amount of any commission, fee, brokerage, or other valuable consideration the producer will receive from the sale, solicitation, or negotiation of a health insurance policy or contract. The bill also mandates producers to disclose the total annual revenue received from each recommended vendor. Additionally, health insurance vendors must certify the direct and indirect compensation paid to producers and their employees.
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