Welcome to Compliance Dos & Don’ts, where experts share their licensing and compliance knowledge. Christa Rapoport, Senior Vice President for Regulatory Strategy and Compliance at Nelson Taplin Goldwater, shares her dos and don’ts for producer compensation. Her secret for success: The change from agent and broker licenses to a single producer license didn’t change the underlying laws and regulations governing compensation. Know what your role in a transaction is.
This episode is brought to you by:
Insurance Licensing Services of America (ILSA), America’s premier regulatory compliance experts. To learn more visit ILSAinc.com.
And if you only learn one thing from this podcast, let it be this: Be transparent; fully disclose to the consumer what services you are being compensated for and who provides that compensation.