1. DIFS
  2. FAQs

Insurance Compensation and Rebating FAQ

  • Sections 1240(1) and (2); 1240(4)

    Updated 05/09/16

FAQ
Override Commissions
May a licensed producer receive an override, defined as a portion of a licensed producer's commission, for business sold by a licensed producer?

Yes.

May an unlicensed individual receive an override for business sold by a licensed producer?

Yes, so long as the unlicensed individual does not actively sell, solicit, or negotiate insurance.

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    The answers provided are not meant to be a substitute for legal advice.