House Bill No. 826, 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 or based on the referred consumer's eventual purchase of insurance. However, it clarifies that these compensation provisions now apply to both individuals and entities making referrals. Overall, the bill aims to facilitate insurance referrals while ensuring that compensation practices remain ethical and transparent.

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