AN act clarifying the Applicability of the cap on insurance referral fees paid to nonlicensed persons.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 58‑33‑82(f) reads as rewritten:

(f)       No commission, fee, or other valuable consideration authorized under subsection (e) of this section for the referral of insurance business by an unlicensed individual to a licensed insurance agent or broker producer licensed under G.S. 58‑33‑26(c1)(6) shall exceed fifty dollars ($50.00) in value. A violation of this subsection may be punished by a fine not to exceed two thousand dollars ($2,000) for each violation. This subsection shall not apply to title insurance.

SECTION 2.  This act becomes effective October 1, 2025, and applies to any referral of personal lines insurance business made on or after that date.