Commissions. — Guam Code § 15706
Guam Code § 15706 — Commissions.. Reproduced from the official Guam Code Annotated, with a citation summary, verification link, and related provisions.
§ 15706. Commissions.
(a) The paying or allowing of any commission or other
valuable consideration on insurance transacted in Guam by an
insurer or its agent to other admitted insurers or to licensed
brokers, agents, or solicitors for solicitation of the business is
lawful.
(b) If at the time of the solicitation and issuance of a policy
of insurance which by its terms continues until cancelled, a
licensed person may lawfully receive commissions thereon, such
person or his personal representative may continue to receive
commissions thereon during the continuance in force or renewal
of such policy without being licensed.
(c) It is unlawful for any insurance agent who is not also a
licensed insurance broker to receive commissions derived from
insurance placed with an insurer which has not appointed him to
act as its agent in the transaction of such insurance.
(d) It is unlawful for an insurance agent who is not also a
licensed insurance broker to receive commissions on insurance
from any source other than an insurer for whom he is licensed.
Source: official Guam text · Last verified 2026-08-27
At a glance
- Citation: Guam Code Annotated § 15706
- Jurisdiction: Guam
- Code: Guam Code Annotated
- Subject: Commissions.
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Guam Code Annotated. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Guam attorney.
Common questions
What is the source of Guam Code Annotated § 15706?
The text above is transcribed from the Guam Code Annotated, the codified statutes of Guam. The official publisher link appears under "Verify the text" on this page.
What subject does Guam Code Annotated § 15706 address?
It addresses "Commissions.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Guam Code Annotated § 15706 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Guam source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Guam law to your facts requires a licensed Guam attorney who can review the specifics.