West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-70 - Rebates And Referrals
Section 114-70-1 - General
Universal Citation: 114 WV Code of State Rules 114-70-1
Current through Register Vol. XLI, No. 38, September 20, 2024
1.1. Scope. -- The purpose of this interpretive rule is to set a reasonable monetary limit upon the value of items given to a consumer or prospective consumer by insurance companies or producers in connection with the solicitation or sale of insurance products and to specify what constitutes a "nominal fee" with respect to referrals to insurance companies or producers by individuals not licensed to sell insurance in this state.
1.2. Authority. -- W. Va. Code § 33-2-10.
1.3. Filing Date. -- August 26, 2004.
1.4. Effective Date. -- September 25, 2004.
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