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AGO Opinions with Topic: APPLICATION OF INSURANCE COMMISSION AGAINST FEE FOR DESIGNING AND INSTALLING EMPLOYEES' PENSION AND PROFIT SHARING PLAN
AGLO 1978 No. 26 >  September 7, 1978
INSURANCE - CONTRACTS - FEES - APPLICATION OF INSURANCE COMMISSION AGAINST FEE FOR DESIGNING AND INSTALLING EMPLOYEES' PENSION AND PROFIT SHARING PLAN
INSURANCE ‑- CONTRACTS ‑- FEES ‑- APPLICATION OF INSURANCE COMMISSION AGAINST FEE FOR DESIGNING AND INSTALLING EMPLOYEES' PENSION AND PROFIT SHARING PLAN It is a violation of RCW 48.30.140(1) and RCW 48.30.150 for a licensed insurance agent, when selling insurance in connection with an employee's pension and profit sharing plan, to treat his commission for selling such insurance as partially covering the fee which he would otherwise charge for designing and installing the aforesaid plan, thereby reducing the amount of such fee.
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