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.
Bill Summaries: S 92 INSURANCE REFERRAL FEE CAP.
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Bill S 92 (2021-2022)Summary date: Feb 11 2021 - View Summary