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