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Must a licensed insurance counselor disclose to the client the fee charged?

April 26, 2017charged client counselor disclose fee Insurance licensed

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Must a licensed insurance counselor disclose to the client the fee charged?

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A counselor must state the fee in a written agreement signed by both the counselor and the client. Further, the counselor must disclose that the counselor receives a commission from the insurer on any insurance placed by the counselor acting as an insurance producer.