P&C agent paying commissions to a Life agent

by Guest » Mon Oct 07, 2013 05:47 pm
Guest

In my agency there are debates over this topic. I have an agent tell me that joint work between a licensed P&C guy and Life and Health guy can both receive commissions from P&C sales, in Louisiana. I have another agent telling me that, the P&C agent can not share commissions with the Life and Health agent, unless both hold P&C licenses.....?

Thanks

Total Comments: 1

Posted: Tue Oct 08, 2013 09:14 pm Post Subject:

I have another agent telling me that, the P&C agent can not share commissions with the Life and Health agent, unless both hold P&C licenses

This is the person you need to listen to. It is a problem for unlicensed persons to be paid commissions for any insurance product sale. It could be prosecuted as a misdemeanor or be handled administratively by the insurance commissioner. Don't accept any commission splits that don't come directly from the insurance campany -- they won't pay a person who's not licensed and appointed.

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