33-17-512. Limitation on type of consideration. A licensed insurance consultant may not receive a commission, service fee, brokerage fee, or other valuable consideration for the sale or service of a line of insurance, annuity, security, or pension trust if the consultant has received compensation from the client for consulting services on the same line of insurance, annuity, security, or pension trust sold or serviced within the preceding 12 months.
History: En. 40-3346 by Sec. 8, Ch. 144, L. 1975; R.C.M. 1947, 40-3346; amd. Sec. 42, Ch. 713, L. 1989; amd. Sec. 1, Ch. 215, L. 1993.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 17. Insurance Producers, Adjusters, Consultants, and Administrators
33-17-502. Prohibition on representation as consultant -- receiving fee
33-17-503. Application -- residency -- fee -- expiration
33-17-504. Issuing license -- limitations
33-17-505. Qualification examination -- background examination
33-17-508. through 33-17-510 reserved
33-17-511. Consideration for services only on written memorandum