West Virginia Code of State Rules
Agency 114 - Insurance Commission
Title 114 - LEGISLATIVE RULE INSURANCE COMMISSIONER
Series 114-70 - Rebates And Referrals
Section 114-70-4 - Defining Nominal Fee with Respect to Referrals
Universal Citation: 114 WV Code of State Rules 114-70-4
Current through Register Vol. XLI, No. 38, September 20, 2024
4.1. For the purposes of subsection 6.1 of WV 114 CSR 2 the phrase "nominal fee" means a one-time fee of twenty-five dollars ($25.00) or less.
4.2. The payment of any referral fee cannot depend on whether the referral results in the sale or issuance of an insurance product or service.
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