Commission Alternatives - Fees and Requirements

Charge fee in addition to or in lieu of collecting commissions?
Specific Disclosures or written agreements required to charge fees to a client?
Admin fees for insurance placement?
Charges for services unrelated to the placement of insurance?
Additional licensing required?
Can charge fees in lieu of commission for insurance placement. Any fee paid must be used to offset or reimburse client for the full amount of commission earned by the producer. (21.27.560)
Yes; must be a written agreement signed by the client stating the fee and how it is calculated. Must also say the client is under no obligation to purchase a product. Must show fee and offset. (21.27.560)
Yes, as long as it's itemized in the contract
Yes, as long as it's itemized in the contract

Stop-Loss Information

Employer Size
Specific Stop Loss Restrictions
Aggregate Stop Loss Restrictions
Guaranteed Issue of Stop-Loss Policies
Other notes
§ 21.42.145
Prohibits specific deductible limits below $10,000 Prohibits aggregate coverage attachment points of less than $4,000 per person, or 120% of expected claims or $20,000, whichever is greater No Prohibits direct payment to covered individuals

Malpractice Damage Cap

Damage Cap Amount

State Code

$250,000 for noneconomic damages, bumped to $400,000 for cases that involve severe impairment higher than 70% and for wrongful death.