W. Va. Code R. § 114-70-1

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

Section 114-70-1 - General

1.1. Scope. -- The purpose of this interpretive rule is to set a reasonable monetary limit upon the value of items given to a consumer or prospective consumer by insurance companies or producers in connection with the solicitation or sale of insurance products and to specify what constitutes a "nominal fee" with respect to referrals to insurance companies or producers by individuals not licensed to sell insurance in this state.

1.2. Authority. -- W. Va. Code § 33-2-10.

1.3. Filing Date. -- August 26, 2004.

1.4. Effective Date. -- September 25, 2004.

W. Va. Code R. § 114-70-1