WEST VIRGINIA LEGISLATURE
2024 REGULAR SESSION
ENROLLED
Committee Substitute for House Bill 5057
BY DELEGATES HALL AND GREEN
[Passed February 23, 2024; in effect ninety days from passage.]
 Enr CS for HB 5057
1 AN ACT to amend and reenact §33-11A-7 of the Code of West Virginia, 1931, as amended,
2 relating to defining the term "nominal fee" for providing a referral to an insurance company
3 or producer.
Be it enacted by the Legislature of West Virginia:
§33-11A-7. Referrals by unlicensed persons allowed.
1 (a) A person who is not licensed to sell insurance may refer a customer who seeks to
2 purchase, or seeks an opinion or advice on, any insurance product to a person, or provide the
3 phone number of a person, who sells or provides opinions or advice on such product, only if the
4 person making the referral receives no fee or only a nominal fee for such referral and such fee is
5 not based on the customer's application for or purchase of insurance.
6 (b) For purposes of this section "nominal fee" means a one-time fee of $100 or less.
1
Enr CS for HB 5057
The Clerk of the House of Delegates and the Clerk of the Senate hereby certify that the foregoing bill is correctly enrolled.
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Clerk of the House of Delegates
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Clerk of the Senate Originated in the House of Delegates.
In effect ninety days from passage.
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Speaker of the House of Delegates
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President of the Senate __________
The within is ................................................ this the...........................................
Day of ..........................................................................................................., 2024.
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Governor
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Statutes affected:
Introduced Version: 33-4-24
Committee Substitute: 33-11A-7
Enrolled Committee Substitute: 33-11A-7