Section 1848 Of Chapter 8. Life And Disability Insurance Analysts From California Insurance Code >> Division 1. >> Part 2. >> Chapter 8.
1848
. A person licensed pursuant to this chapter shall not charge a
fee for any service which is customarily associated with the
solicitation of insurance sales or the servicing of insurance
contracts written by the licensee or contracts for which the licensee
is receiving compensation from the insurer. A licensee shall not
receive any fee unless that fee is based upon a written agreement
signed by the party to be charged.
The agreement shall include a statement that information and
services concerning insurance policies may be obtained directly from
the insurer without cost, a statement outlining the services to be
performed for which a fee is to be charged, and the fee to be
charged. Additionally, if the licensee is also licensed pursuant to
Chapter 5 (commencing with Section 1621), there shall be a statement
in the agreement indicating that the licensee is so licensed and, as
such, receives commissions for the sale of products. A copy of every
such agreement shall be retained by the licensee for not less than
three years after the services have been fully performed.