Quid Pro Quo and ETHICAL Standards for Insurance Agents. #ImpeachDonaldTrump
When Health Insurance Agents like myself are held to a Higher Ethical Standard than the "Leader of the Free World" we have more than a Constitutional Crisis in the Presidency, but at all levels of Government.
The Senate Ethics Committee is FAILING to hold this President accountable, as well as a failure to examine their own Motivations in stonewalling Congressional Impeachment Proceedings. Obstruction of Congress to conduct their Constitutionally-mandated oversight of the Executive Branch of our Government is so UNETHICAL
If any other ordinary Citizen were to have done half of what this "President" has done in Full View of the American People - no Investigation required, we would be in prison with Paul Manafort, Michael Flynn, Roger Stone & others who have already been convicted of crimes committed during the Trump 2016 Presidential Campaign.
The NAIC (National Association of Insurance Commissioner) is the Governing body for the Insurance Industry. Compliance Rules & Regulations are STRICT & the PENALTIES SEVERE for failure of Licensed Insurance Agents to comply.
Thankfully in 13 years of doing this I h ave a spotless, squeaky-clean record of service, with not so much as a slap on my wrist.
Why?
I have high ETHICAL STANDARDS.
Quid Pro Quo, Bribes, Rebates & Enticements to Purchase Medicare Plans are taken seriously in the Industry & the #1 reason I have been calling for Complete & Total ETHICS REFORM in our Government.
All Agents, but particularly those offering MEDICARE are limited to $15 TOTAL Per Person expenditure at Educational Seminars, Health Fairs or Prospecting Events of any kind.
This includes Refreshments of any kind - but CANNOT include a Full Meal, + the Dollar-Value of any Company-Branded Trinkets like those shown above.
These Company-Branded Trinkets are known as Advertising Specialties.
Advertising Specialties can be anything from Hats or T-Shirts to Company-Branded Shopping Bags, that can be used to entice a person to purchase one product over another.
When I think about the Apprentice President trying to withhold Congressionally-Appropriated Funds to assist the Ukrainian Government to defend themselves from Russian Aggression for Political gain against a Political Rival, I could just orbit the moon.
Below is an excerpt from the NAIC Webpage on the types of Rules & Regulations Insurance Agents are held to.
Donald Trump is NOT Above the Law.
Rebates. (1) Except as otherwise expressly provided by law, knowingly permitting or offering to make or making any life insurance policy or annuity, or accident and health insurance or other insurance, or agreement as to such contract other than as plainly expressed in the policy issued thereon, or paying or allowing, or giving or offering to pay, allow, or give, directly or indirectly, as inducement to such policy, any rebate of premiums payable on the policy, or any special favor or advantage in the dividends or other benefits thereon, or any valuable consideration or inducement whatever not specified in the policy; or giving, or selling, or purchasing or offering to give, sell, or purchase as inducement to such policy or annuity or in connection therewith, any stocks, bonds or other securities of any insurance company or other corporation, association or partnership, or any dividends or profits accrued thereon, or anything of value whatsoever not specified in the policy. (2) Nothing in Subsection G, or Paragraph (1) of Subsection H shall be construed as including within the definition of discrimination or rebates any of the following practices: (a) In the case of life insurance policies or annuities, paying bonuses to policyholders or otherwise abating their premiums in whole or in part out of surplus accumulated from nonparticipating insurance, provided that any such bonuses or abatement of premiums shall be fair and equitable to policyholders and for the best interests of the company and its policyholders; (b) In the case of life insurance policies issued on the industrial debit plan, making allowance to policyholders who have continuously for a specified period made premium payments directly to an office of the insurer in an amount that fairly represents the saving in collection expenses; (c) Readjusting the rate of premium for a group insurance policy based on the loss or expense thereunder, at the end of the first or any subsequent policy year of insurance thereunder, which may be made retroactive only for such policy year; or NAIC Model Laws, Regulations, Guidelines and Other Resources—January 2004 © 2004 National Association of Insurance Commissioners 880-5 (d) Engaging in an arrangement that would not violate Section 106 of the Bank Holding Company Act Amendments of 1972 (12 U.S.C. 1972), as interpreted by the Board of Governors of the Federal Reserve System, or Section 5(q) of the Home Owners’ Loan Act, 12 U.S.C. 1464(q). Drafting Note: Section 104 (d)(2)(B)(viii) of the Gramm-Leach-Bliley Act provides that any state restrictions on anti-tying may not prevent a depository institution or affiliate from engaging in any activity that would not violate Section 106 of the Bank Holding Company Act Amendments of 1970, as interpreted by the Board of Governors of the Federal Reserve System. The Board of Governors of the Federal Reserve System has stated that nothing in its interpretation on combined-balance discount arrangements is intended to override any other applicable state and federal law. FRB SR 95-32 (SUP). Section 5(q) of the Home Owners’ Loan Act is the analogous provision to Section 106 for thrift institutions. The Office of Thrift Supervision has a regulation 12 C.F.R. 563.36 that allows combined-balance discounts if certain requirements are met.
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