Insurance Compensation and Rebating FAQ
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Sections 1240(1) and (2); 1240(4)
Updated 05/09/16

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.