AN ACT RELATIVE TO THE PAYMENT OF REFERRAL FEES TO UNLICENSED EMPLOYEES OF INSURANCE PRODUCERS.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Section 177 of chapter 175 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by inserting after the first sentence the following sentence:- Nothing in this section shall prohibit the payment of additional compensation in the form of referral fees to unlicensed employees of a licensed insurance producer or licensed business entity producer for customers referred to the licensed insurance producer or licensed business entity producer by the unlicensed employees in connection with the purchase of insurance.
Approved August 9, 2006.