A person who is not licensed to sell insurance may refer a customer who seeks to purchase, or seeks an opinion or advice on, any insurance product to a person, or provide the phone number of a person, who sells or provides opinions or advice on such product, only if the person making the referral receives no fee or only a nominal fee for such referral and such fee is not based on the customer's application for or purchase of insurance.
Structure West Virginia Code
Article 11A. Insurance Sales Consumer Protection Act
§33-11A-4. Authorization to Implement Regulations
§33-11A-5. Licensure Requirement for Insurance Sales
§33-11A-6. Insurance Sales Separate From Loan Transaction
§33-11A-7. Referrals by Unlicensed Persons Allowed
§33-11A-8. Tying of Products Prohibited
§33-11A-10. Timing of Insurance Solicitation
§33-11A-11. Insurance in Connection With a Loan
§33-11A-12. Prohibition of Discrimination Against Agents or Brokers
§33-11A-13. Confidentiality of Insurance Information Obtained by Financial Institutions
§33-11A-14. Physical Location of Insurance Sales