In his column published in both the print and digital editions of NJBiz, NAIFA national Trustee Dennis Cuccinelli, a member of NAIFA-New Jersey, warns that the state's proposed reclassification of insurance agents as employees instead of independent contractors would limit agents' independence, reduce consumer choice and potentially harm families' access to financial protection.
As independent contractors, agents operate autonomously and represent multiple insurers, allowing for customized solutions tailored to each family's needs. The proposed shift to employee status would significantly limit this autonomy, Cuccinelli argues, potentially restricting agents' ability to act in their clients' best interests.