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Override Commissions
Sections 1240(1) and (2); 1240(4)
Updated 05/09/16
Frequently Asked Questions
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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.
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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.