House Bill No. 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, electronic mail addresses, websites, or direct referrals to insurance companies and their affiliates. This change broadens the scope of who can make referrals and how they can do so, enhancing accessibility for consumers seeking insurance information.

Additionally, the bill modifies the compensation structure for referrals. It maintains the prohibition against referral compensation being in the form of a sales commission or based on the consumer's application for insurance. However, it clarifies that this prohibition now applies to both individuals and entities making referrals, ensuring that compensation cannot be tied to the eventual purchase of insurance by the referred consumer. Overall, the bill aims to facilitate insurance referrals while maintaining consumer protection regarding compensation practices.

Statutes affected:
HB826 Original: 22:1598(A)