Health Insurance Producer Fees And Fee Disclosure

The bill allows an insurance producer or broker advising a client on individual health benefit plans to charge the client a fee if the producer or broker does not receive a commission related to the individual health benefit plan selected by the client and if the producer or broker discloses in writing the fee to the client. The commissioner of insurance shall promulgate rules regarding how the producer or broker must provide the fee disclosure. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More