New Hampshire Code of Administrative Rules
Ins - Commissioner, Insurance Department
Chapter Ins 3200 - SALES OF INSURANCE BY FINANCIAL INSTITUTIONS
Part Ins 3203 - PROCEDURES FOR AUTHORITY TO SELL INSURANCE
Section Ins 3203.05 - Commissions
Universal Citation: NH Admin Rules Ins 3203.05
Current through Register No. 40, October 3, 2024
(a) Commissions shall not be paid to, or shared with, an individual or business entity, including but not limited to a financial institution, which is not licensed as an insurance agent or broker in New Hampshire.
(b) Non-licensed individuals or business entities shall not be awarded a portion of the insurance revenue.
(c) Any compensation paid other than as provided in this part shall constitute prohibited commission sharing.
#7064, eff 7-24-99
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