A producer licensed as a counselor who receives compensation from a client may not receive compensation from an insurer or other third party for placement of insurance unless, prior to
Currently, Florida has no state laws or regulations pertaining to Producer’s Compensation Disclosure.
All fees, other than commissions for financial planning by an insurance producer, shall be based upon a written agreement. The agreement must specifically contain: (1) the services for which the
Currently, Delaware has no state laws or regulations pertaining to Producer’s Compensation Disclosure.
A written memorandum is required when a licensed insurance producer charges a fee in addition to receiving a commission for the negotiation or procurement of insurance. In addition, producers are
A producer may charge a fee if a disclosure statement is signed by the client stating that there is no obligation to purchase any insurance product in exchange for the
A broker may charge a broker fee provided that (i) the consumer agrees to the fee in advance after full disclosure of the material facts surrounding the fee, (ii) the
Fees may be charged if they are separately disclosed to the insured in the invoice or premium billing statement. Producers also are required to disclose certain compensation arrangements to clients.
Fees and the services for which the fees are charged must be disclosed and agreed to in writing by insureds on forms approved by the Arizona insurance director. Ariz. Rev.
A producer may not charge a fee unless the fee is based on a written agreement signed by the client, containing (1) the appointment by the client naming the insurance producer as
