Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

When is receipt of a commission, service fee or other valuable consideration prohibited?

April 26, 2017Commission consideration fee Prohibited RECEIPT service valuable

0

Posted

When is receipt of a commission, service fee or other valuable consideration prohibited?

1 Answer

0

Posted

Insurers or insurance producers must not pay, nor may any person accept, any commission, service fee or other valuable consideration for selling, soliciting or negotiating insurance if that person is required to be licensed but not licensed. See RCW 48.17.010 (10), (12) and (13) and RCW 48.17.490.