SB 92 – Insurance Referral Fee Cap

SB 92 – Insurance Referral Fee Cap

Primary Senate Sponsors: Sen. Todd Johnson (R-Union); Sen. Jim Burgin (R-Harnett, Johnston, Lee); Sen. Kevin Corbin (R-Cherokee, Clay, Graham, Haywood, Jackson, Macon, Swain)

Summary

This bill modifies current statute by capping commissions/fees paid to unlicensed person at $50 for referral of insurance business to a licensed insurance agent or broker and provides for up to a $2K fine for violations.

Movement

Filed – 2/11/2021

This bill was referred to the following Senate committees:

-Rules and Operations

 
 

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