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.
Bill Summaries: S122 INSURANCE REFERRAL FEE CAP.
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Bill S 122 (2023-2024)Summary date: Feb 16 2023 - View Summary