It shall be lawful, however, for an insurance company or any insurance agent to pay, directly or indirectly, to the surviving spouse or heirs of a deceased licensed insurance agent in this state any commissions or other valuable consideration to which the deceased agent would be entitled, whether such surviving spouse or heir is or is not a licensed agent.
It shall be lawful for an insurance agent, agency or affiliate to pay a referral fee to any unlicensed employee of the agent, agency or affiliate when the employee refers a prospective insured to the licensed agent or agency. The referral fee shall be a one-time nominal fee of a fixed dollar amount for each referral customer. The payment of any referral fee shall not depend on whether the referral results in a sale of any insurance products. Furthermore, the referral fee shall not be based on a percentage of any premiums or commissions collected by the licensed agent. The referral fee shall not be paid, either directly or indirectly, to the prospective insured.
Structure Mississippi Code
Chapter 17 - Insurance Agents, Solicitors, or Adjusters
Article 1 - General Provisions
§ 83-17-5. Agent certificate; notification of nonrenewal required
§ 83-17-13. Penalty for signing blank policy
§ 83-17-19. Penalty for soliciting without license
§ 83-17-21. Policies to be written through licensed agents