Senate committee substitute to the 1st edition amends the effective date so that the act applies to any referral of personal lines insurance business (was, just referrals of insurance business) made on or after October 1, 2025.
CLARIFY INSURANCE FEE REFERRAL CAP.
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| View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT CLARIFYING THE APPLICABILITY OF THE CAP ON INSURANCE REFERRAL FEES PAID TO NONLICENSED PERSONS.Intro. by Johnson.
Status: Ref To Com On Rules, Calendar, and Operations of the House (House action) (Feb 17 2025)
Bill History:
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Wed, 29 Jan 2025 Senate: Filed(link is external)
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Thu, 30 Jan 2025 Senate: Passed 1st Reading(link is external)
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Mon, 3 Feb 2025 Senate: Withdrawn From Com(link is external)
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Tue, 4 Feb 2025 Senate: Reptd Fav Com Substitute(link is external)
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Tue, 4 Feb 2025 Senate: Com Substitute Adopted(link is external)
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Tue, 11 Feb 2025 Senate: Reptd Fav(link is external)
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Wed, 12 Feb 2025 Senate: Passed 2nd Reading(link is external)
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Wed, 12 Feb 2025 Senate: Passed 3rd Reading(link is external)
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Thu, 13 Feb 2025 Senate: Regular Message Sent To House(link is external)
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Thu, 13 Feb 2025 House: Regular Message Received From Senate(link is external)
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Mon, 17 Feb 2025 House: Passed 1st Reading(link is external)
S 13
Bill Summaries:
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Bill S 13 (2025-2026)Summary date: Feb 4 2025 - View Summary
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Bill S 13 (2025-2026)Summary date: Jan 29 2025 - View Summary
Amends the persons subject to the $50 referral fee cap under GS 58-33-82(f) (pertaining to insurance commissions) so that the fee cap applies to referrals of insurance business by an unlicensed individual to a producer licensed under GS 58-33-26(c1)(6) (currently, fee cap applies to referrals by unlicensed individuals to licensed insurance agents or brokers). Removes exception for title insurance. Applies to any referral of insurance business made on or after October 1, 2025.
View: All Summaries for Bill