West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-21 - WV Essential Property Insurance Association
Section 114-21-12 - Producer Commissions
Universal Citation: 114 WV Code of State Rules 114-21-12
Current through Register Vol. XLI, No. 38, September 20, 2024
12.1. New and renewal business. Producer commission shall be ten percent (10%) of the premium on new business and at such level as the Board shall determine on renewal business, not to exceed ten percent (10%) of the renewal commission.
12.2. Cancellation of business. Upon cancellation of a policy, the producer shall refund commissions on the return premium to the Association at the same rate at which such commissions were originally paid.
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