INSURANCE REFERRAL FEE CAP.

View NCGA Bill Details2021
Senate Bill 92 (Public) Filed Thursday, February 11, 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:

S 92

Bill Summaries:

  • Summary date: Feb 11 2021 - More information

    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. 


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