By Greg Jones, Western Bureau ChiefBeginning next year, insurance brokers will have to meet a premium threshold with the California State Compensation Insurance Fund to maintain a direct contract with the carrier.State Fund “will only offer direct contracts to those brokers with $100,000 in premium in one of the last three years,” said Jennifer Vargen, senior vice president of marketing and communications for State Fund. The carrier has not set a threshold for new contracts, Vargen said, but it will “most likely be higher than $100,000.” The new rules are slated to take...
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