A licensee may be deemed to violate controlled business statutes if commissions on controlled business exceed what percentage of aggregate commissions?

In Mississippi, the statutes governing controlled business are designed to ensure that insurance agents do not disproportionately benefit from commissions received from the sale of insurance to businesses they own or have a significant interest in. The law stipulates that a licensee is considered to be in violation if the commissions earned from controlled business exceed 35% of their aggregate commissions.

This percentage serves as a threshold to prevent conflicts of interest and ensure that agents diversify their business practice rather than relying heavily on commissions from familiar, controlled entities. By enforcing this limit, the regulation promotes fair competition and protects consumers from potential exploitation. Thus, the correct answer reflects the regulatory standard that maintains integrity within the insurance industry in Mississippi.