17:46B-34 - Commissions;Ā no right to pay
17:46B-34.Ā Commissions;Ā no right to pay
No title insurance company and no title insurance agent shall pay, allow orĀ give, or offer to pay, allow or give, directly or indirectly, any commission orĀ part of its fee or charge or any other consideration as an inducement orĀ compensation for the placing or procuring of any order for title insurance; provided, however, that nothing herein contained shall be construed toĀ prohibit the payment of a commission or other compensation to a regularĀ full-time employee of a title insurance company or agent of a title insuranceĀ company as part of the regular compensation of such employee or agent.
L.1975, c. 106, s. 34, eff. May 29, 1975.
No title insurance company and no title insurance agent shall pay, allow orĀ give, or offer to pay, allow or give, directly or indirectly, any commission orĀ part of its fee or charge or any other consideration as an inducement orĀ compensation for the placing or procuring of any order for title insurance; provided, however, that nothing herein contained shall be construed toĀ prohibit the payment of a commission or other compensation to a regularĀ full-time employee of a title insurance company or agent of a title insuranceĀ company as part of the regular compensation of such employee or agent.
L.1975, c. 106, s. 34, eff. May 29, 1975.