IS A REFERRAL INCENTIVE PROGRAM LEGAL?
by admin on Jan.30, 2009, under Insurance Program
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Our group has not finished the good pursuit in the past of asking for referrals. Part of which is since before to final Aug the group usually consisted of my in-laws as well as they didn’t have time to work upon the lot of additional accounts. To assistance enlarge referrals you have been removing ready to launch the mention inducement module which will run from right away until the finish of the year. Anyone which refers an comment to us will embrace the $15 present label if you write the account. The store or grill for the present label is nonetheless to be determined. Is this authorised or would it be deliberate rebating? This module would be accessible to all of the contacts. We have been the skill as well as misadventure word group in North Carolina. Thanks for your help.
3 comments for this entry:
February 1st, 2009 on 6:17 pm
I think this is a form of rebating, as you ONLY give the gift card if you write the account, AND, it’s not like a “finders fee” that you only pay to licensed agents.
That’s my gut feeling – but check with your local agents association and get their feedback as well. Heck, call your state insurance department anonymously, and ask THEM.
February 3rd, 2009 on 3:03 am
Check out the article below from Jim Long. It sounds alright, but from the referrer’s perspective, you might want to give them a gift card regardless since they have no control over the matter. Also qualifying what a referral is will increase the quality of the information you get – a personal note or phone call from referrer to the referred – not just a list of names and numbers.
Email me if you are in the Raleigh area or East, I’d like to help more.
February 5th, 2009 on 10:21 pm
Some states have dollar limits ($10, $15 or $20). Check with your state’s insurance department. They would much rather answer you now before you brake a law.
I think North Carolina is strick with this stuff.