Amends GS 58-33-82 to cap at $50 commissions, fees, or other valuable consideration paid to an unlicensed person for referral of insurance business to a licensed insurance agent or broker, with violations punishable by up to a $2,000 fine in addition to other legal penalties. Applies to referrals of insurance business made on or after October 1, 2021.
INSURANCE REFERRAL FEE CAP.
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| View NCGA Bill Details | 2021 |
AN ACT PLACING A CAP ON INSURANCE REFERRAL FEES PAID TO NONLICENSED PERSONS.Intro. by Johnson, Burgin, Corbin.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Feb 15 2021)
Bill History:
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Thu, 11 Feb 2021 Senate: Filed
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Mon, 15 Feb 2021 Senate: Passed 1st Reading
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Mon, 15 Feb 2021 Senate: Ref To Com On Rules and Operations of the Senate
S 92
Bill Summaries:
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Bill S 92 (2021-2022)Summary date: Feb 11 2021 - View Summary
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