Tuesday, September 4, 2012

Breaking News: California State Fund Restructures Broker Distribution

Insurance Journal Breaking News
September 4, 2012

Breaking News Alert

California State Fund Restructures Broker Distribution

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California's State Compensation Insurance Fund has changed its broker distribution model, requiring many brokers to go through one of two wholesalers.

The change, which is effective Jan. 1, 2013, establishes "premium thresholds to qualify for a direct contract," State Fund announced on Tuesday.

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