W. Va. Code R. § 114-21-12

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 114-21-12 - Producer Commissions

12.1. New and renewal business. Producer commission shall be ten percent (10%) of the premium on new business and at such level as the Board shall determine on renewal business, not to exceed ten percent (10%) of the renewal commission.

12.2. Cancellation of business. Upon cancellation of a policy, the producer shall refund commissions on the return premium to the Association at the same rate at which such commissions were originally paid.

W. Va. Code R. § 114-21-12