North Dakota § 26.1-26-04 Commissions

North Dakota Statutes

§ 26.1-26-04 — Commissions

North Dakota § 26.1-26-04

Title 26.1Insurance

Ch. 26.1-26Insurance Producers and Consultants

This text of North Dakota § 26.1-26-04 (Commissions) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-26-04 (2026).

Text

1.An insurance company or insurance producer may not pay a commission, service fee, brokerage, or other valuable consideration to a person for selling, soliciting, or negotiating insurance in this state if that person is required to be licensed under this chapter and is not licensed.

2.A person may not accept a commission, service fee, brokerage, or other valuable consideration for selling, soliciting, or negotiating insurance in this state if that person is required to be licensed under this chapter and is not licensed.

3.Renewal or other deferred compensation may be paid to a person for selling, soliciting, or negotiating insurance in this state if that person was required to be licensed under this chapter at the time of the sale, solicitation, or negotiation and was licensed at that

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1. An insurance company or insurance producer may not pay a commission, service fee,
brokerage, or other valuable consideration to a person for selling, soliciting, or
negotiating insurance in this state if that person is required to be licensed under this
chapter and is not licensed.
2. A person may not accept a commission, service fee, brokerage, or other valuable
consideration for selling, soliciting, or negotiating insurance in this state if that person
is required to be licensed under this chapter and is not licensed.
3. Renewal or other deferred compensation may be paid to a person for selling, soliciting,
or negotiating insurance in this state if that person was required to be licensed under
this chapter at the time of the sale, solicitation, or negotiation and was licensed at that
time.
4. An insurer or insurance producer may pay or assign commissions, service fees,
brokerages, or other valuable consideration to an insurance agency or to persons that
do not sell, solicit, or negotiate insurance in this state, unless the payment violates
section 26.1-04-06.