Section 27-1-15.6-22 - Compensation; restrictionsAn insurance producer may not receive compensation for the sale, solicitation, negotiation, or renewal of any insurance policy issued to any person or entity for whom the insurance producer, for a fee, acts as a consultant for that policy unless:
(1) the insurance producer provides to the insured a written agreement in accordance with section 23(c) of this chapter; and(2) the insurance producer discloses to the insured the following information prior to the sale, solicitation, negotiation, or renewal of any policy:(A) The fact that the insurance producer will receive compensation for the sale of the policy.(B) The method of compensation.As added by P.L. 132-2001, SEC.3. Amended by P.L. 193-2006, SEC.3.