What About Sharing Commissions?

Under CGS 38a706, licensed Producers may share commissions. However, both Producers must be licensed to transact in the type of insurance that is the subject of the shared commission.

Other Connecticut Insurance FAQs

Q: What Is An Insurance Producer?
A: An insurance producer is defined as any person, partnership, association, limited liability company or corporation, or any person, partnership, association, limited … More
Q: What Is The Relevant State Statute?
A: CGS 38a702 More
Q: What Is An Authorized Licensing Representative?
A: An authorized licensing representative is an individual whose name is on file at the Insurance Department as being authorized to appoint Producers. More
Q: What Are The Requirements For An Individual License?
A: Applicants for a Producer license are required to satisfy all resident prelicense requirements, unless the applicant holds a same or similar license from any other … More