West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-70 - Rebates And Referrals
Section 114-70-2 - Interpretive Note
Current through Register Vol. XLI, No. 38, September 20, 2024
2.1. The Insurance Commissioner routinely receives questions concerning whether a company or producer may give away items such as pens, key chains, clocks, and other similar items without violating the anti-rebating provisions set forth in W. Va. Code § 33-11-4(8). Likewise, the Insurance Commissioner fields many questions about how much an individual may charge for providing a referral to an insurance company or producer without violating the prohibition on referral fees set forth in WV 114 CSR 2. In order to provide practical and useful guidance to the insurance industry and to the public at large, this interpretive rule sets forth reasonable standards in these areas. This interpretive rule should be read in pari materia with W. Va. Code § 33-11-4(8) and WV 114 CSR 2.
