NY Bill Would Make Carriers Disclose Insurance Commissions

Law360, New York (May 30, 2012, 5:45 PM EDT) -- The New York State Senate on Wednesday passed a bipartisan bill to require mobile phone retailers to disclose to consumers whether salespeople are paid a commission when they sell wireless communications insurance policies to accompany the often-pricey devices.

The bill, sponsored by Sen. Tom Libous, a Republican whose district includes the city of Binghamton, is designed to benefit consumers by helping them make an informed decision about the terms, pricing and other details of such policies.

Mobile phone insurance is a common add-on pitched by mobile...
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