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Bill clarifies notice requirements for licensed insurance-producer contract changes
House Committee on Corporations · February 3, 2026
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Summary
House Bill 7,111 would define a contract modification to require advance notice for changes to producer compensation; sponsor and agents said the change would protect independent agencies from sudden commission cuts and help them plan staffing and finances.
Sponsor introduced House Bill 7,111 to clarify what constitutes a contract modification for licensed insurance producers, focusing on producer compensation changes.
Mark Veil, CEO of the Independent Insurance Agents of Rhode…
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