New York Insurance Law 2324 prohibits authorized insurers, licensed agents or licensed brokers from sharing commissions and/or rebating to an insured or an employee of an insured to induce the insured to acquire or retain the insurance coverage acquired.

In response to the question as to whether a broker could quote a premium net of commission and add a service fee, the insurance departments general counsel concluded this would constitute unfair discrimination and rebating in violation of the law.



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