House Bill No. 306, introduced by Representative Green, amends R.S. 22:1598(A) and (B) to expand the provisions regarding referrals for insurance sales. The bill allows both individuals and entities that are not licensed to sell insurance to refer consumers to insurance providers through various means, including telephone numbers, email addresses, websites, or direct referrals to insurance companies and their affiliates. This change broadens the scope of how referrals can be made, enhancing accessibility for consumers seeking insurance information.

Additionally, the bill modifies the compensation structure for referrals. It maintains the prohibition against compensation being in the form of a sales commission and clarifies that compensation cannot be based on the referred consumer's eventual purchase of insurance. This ensures that the referral process remains unbiased and focused on providing information rather than incentivizing sales. Overall, the bill aims to facilitate insurance referrals while ensuring ethical compensation practices.

Statutes affected:
HB306 Original: 22:1598(A)