An insurance intermediary (insurance agent or broker) who accepts compensation from an insured is also required to make certain disclosures in writing prior to charging a fee to the insured.
Currently, Wyoming has no state laws or regulations pertaining to Producer’s Compensation Disclosure.
Currently, West Virginia has no state laws or regulations pertaining to Producer’s Compensation Disclosure.
If a producer receives a fee from the insured, for each policy the producer must disclose the following in writing to the insured: the full amount of the fee to
Producers may charge consulting fees and administrative fees not included in the premium or stated in the policy, provided there is prior disclosure and agreement with the client. Consent for
An agent or broker must enter into a prior written agreement with a client in order to charge a fee to be paid by the client. Vt. Stat. Ann. tit. 8,
The disclosure of any noncommission compensation must meet the following requirements: Include the signature of the insured or prospective insured acknowledging the noncommission compensation; Clearly specify the amount of any
An agent must disclose any fees to the client and receive the client’s written consent before providing services or receiving fees. Tex. Ins. Code Ann. 4005.003; 28 Tex. Admin. Code
Currently, Tennessee has no state laws or regulations pertaining to Producer’s Compensation Disclosure.
Currently, South Dakota has no state laws or regulations pertaining to Producer’s Compensation Disclosure.
