69B-222.030. Remuneration for Unlicensed Insurance Agency Personnel
Effective on Tuesday, October 12, 1993
1It is unlawful for unlicensed insurance agency personnel to receive any type of pay which is formally tied to the production of insurance or insurance applications. Such payment for services rendered constitutes illegal sharing of commissions. However, a small “bonus” paid once a year to all unlicensed staff, which is purely gratuitous and which they had no legal right to demand payment of, and is given because the agency had a good year, would not be improper, such as a “Christmas Bonus.”
