Federal Insurance Sales Practices: Federal regulations governing insurance sales practices and procedures that affect commission splitting arrangements
Fair Labor Standards Act: Federal law governing employment relationships and compensation, relevant when determining agent classification (employee vs. independent contractor)
Internal Revenue Code: Federal tax provisions regarding classification of independent contractors versus employees and related compensation reporting requirements
Anti-Kickback Provisions: Federal regulations prohibiting improper payment arrangements in insurance transactions
State Insurance Commission Regulations: State-specific rules governing insurance operations, including commission structures and sharing arrangements
State Licensing Requirements: State-specific requirements for insurance agent licensing and maintaining active licenses while sharing commissions
State Commission Sharing Rules: Specific state regulations governing how insurance commissions can be split between agents
State Insurance Code: Comprehensive state laws governing insurance operations and agent conduct
State Contract Laws: General contract formation and enforcement laws specific to each state
State Employment Laws: State-specific regulations governing employment relationships and compensation
State Non-Compete Regulations: State laws governing the enforceability and limitations of non-compete agreements in insurance contexts
State Trade Secret Protections: Laws protecting confidential business information and client data in commission splitting arrangements
NAIC Guidelines: National Association of Insurance Commissioners' guidelines affecting commission structures and agent compensation
Producer Compensation Disclosure: State-specific requirements for disclosing commission arrangements to clients and other parties
Carrier-Specific Rules: Individual insurance carrier policies and requirements regarding commission splitting between agents
