Health Insurance Producer Fees And Fee Disclosure

Health insurance - producer and broker fees - disclosure to client - rules. The act 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, but only if the producer or broker discloses the fee to the client in writing. The commissioner of insurance shall promulgate rules regarding how the producer or broker must provide the fee disclosure.
(Note: This summary applies to this bill as enacted.)