What is the name of your state (only U.S. law)? FL
Is it alright for Insurance companies to pay referral fees for new clients? I am not an insurance agent but because of the type of work I do in the mortgage industry, I frequently run across folks that are in need of homeowner's insurance or are paying really high rates for their current coverage. ( mostly seniors)
My question is: is it allowable for companies to pay a fee if I would refer someone to them and they open an account?
I would not want to do anything unethical or illegal.
Thank you for your help