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Splitting/Assigning Commissions

Sections 1207(4)12121240(1), (2), and (4)

Updated 05/09/16

Frequently Asked Questions

  • A producer license does not generally authorize brokering, defined as representing and receiving payment from a client for placing business. However, a producer who holds a surplus lines license is specifically authorized to broker surplus lines coverage. A surplus lines broker fee is subject to a limit authorized by Section 1915 of the Insurance Code and Administrative Rule R500.1251.

  • Yes.

  • Yes.

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