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Insurance producer commissions

Can I share commissions?

Commissions may be shared, but only when the activity of sharing commission is in compliance with all other licensing laws, including ORS 744.053 and ORS 744.056.

Can commissions be paid to an unlicensed person?

Yes, however an insurer or insurance producer may not pay a commission, service fee, brokerage, or other valuable consideration to a person for selling, soliciting, or negotiating insurance, either for new business or a renewal, if that person is required to be licensed as an insurance producer and is not so licensed.

An insurer or insurance producer may pay or assign commissions, service fees, brokerages, or other valuable consideration to an insurance agency or to people who do not sell, solicit, or negotiate insurance in this state, except when the payment or assignment would violate ORS 746.045 or 746.055.

Can I offer a gift to potential clients?

It depends on the situation. A gift cannot be conditional upon the recipient applying for, purchasing, renewing, or increasing the insurance. But for property and casualty or Life producers, promotional items, prizes, merchandise, and the like, are allowed as long as the aggregate value of the items is less than $100 in a calendar year. ORS 746.045 prohibits a producer or insurer from offering a gift only to those that purchase a policy.

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