Except as permitted under Paragraph CL-2.3.4A, insurance brokers are prohibited from deducting their brokerage commission from the premiums/contributions account(s). Insurance brokers must be paid separately their brokerage commission from the insurance firms after transferring the amounts due (premiums/contributions) to insurance firms no later than (10) calendar days from the receipt of the premiums/contributions by insurance firms.
Amended: July 2023
Amended: July 2015
April 2012