GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
S 1
SENATE BILL 13
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Short Title: Clarify Insurance Fee Referral Cap. |
(Public) |
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Sponsors: |
Senator Johnson (Primary Sponsor). |
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Referred to: |
Rules and Operations of the Senate |
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January 30, 2025
A BILL TO BE ENTITLED
AN act clarifying the Applicability of the cap on insurance referral fees paid to nonlicensed persons.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 58‑33‑82(f) reads as rewritten:
"(f) No commission, fee,
or other valuable consideration authorized under subsection (e) of this section
for the referral of insurance business by an unlicensed individual to a licensed
insurance agent or broker producer licensed under G.S. 58‑33‑26(c1)(6)
shall exceed fifty dollars ($50.00) in value. A violation of this
subsection may be punished by a fine not to exceed two thousand dollars
($2,000) for each violation. This subsection shall not apply to title
insurance."
SECTION 2. This act becomes effective October 1, 2025, and applies to any referral of insurance business made on or after that date.