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, 2023.
INSURANCE REFERRAL FEE CAP.
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| View NCGA Bill Details | 2023-2024 Session |
AN ACT PLACING A CAP ON INSURANCE REFERRAL FEES PAID TO NONLICENSED PERSONS.Intro. by Johnson.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Feb 20 2023)
Bill History:
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Thu, 16 Feb 2023 Senate: Filed
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Mon, 20 Feb 2023 Senate: Passed 1st Reading
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Mon, 20 Feb 2023 Senate: Passed 1st Reading
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Mon, 20 Feb 2023 Senate: Ref To Com On Rules and Operations of the Senate
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Mon, 20 Feb 2023 Senate: Ref To Com On Rules and Operations of the Senate
S 122
Bill Summaries:
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Bill S 122 (2023-2024)Summary date: Feb 16 2023 - View Summary
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