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 3203.06 - Referral Fees

Universal Citation: NH Admin Rules Ins 3203.06
Current through Register No. 40, October 3, 2024

Only licensed employees of a financial institution shall, directly or indirectly receive any compensation or consideration from an insurance agent or broker, insurance agency, insurance company, or a financial institution, based upon referral of potential insurance purchases to, or making appointments with, a licensed insurance agent or broker. However, an employee of a financial institution who is not licensed to sell insurance may refer a party to a person who is licensed to sell insurance if the employee making such referral is compensated for such referral in an amount that does not exceed a nominal amount and such amount is not based on or related to the party's purchase of insurance.

#7064, eff 7-24-99; ss by #7540, eff 8-1-01

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