Fmo Fees For Agents

Summary

In Pennsylvania, insurance agents must adhere to state regulations concerning marketing and sales practices. Fees charged by FMOs should comply with Department of Insurance guidelines. FMOs setting fees based on sales may face scrutiny. Agents should ensure that any fees align with these regulations to avoid potential legal issues.

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Agent
Thanks for clarifying. In Pennsylvania, insurance agents should be aware of the following regarding fees:
- Agents must comply with state regulations regarding marketing and sales practices.
- Charging fees should align with the Department of Insurance guidelines.
- FMOs setting fees based on sales may be subject to scrutiny.
Is there a specific aspect of this situation you're concerned about?