Broker of record letters (BOR) are a standard operating procedure in the California workers’ comp market for moving ownership and commissions of an account from one broker to another. State Compensation Insurance Fund will not honor ownership and commissions in BOR letters for its direct business: A broker can take over servicing an account, but that broker can never own the account or collect a commission.
Workers' Comp Executive
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Posted on
Wed, September 1, 2010
by Amy Lai