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?
Insurance producers may charge fees in addition to or in lieu of receiving commissions for the placement of insurance.  Idaho Code § 41-1030. 
Yes.  Before charging a fee to a consumer, an insurance producer must provide a written statement that describes the services that will be performed and the fees the insurance producer will receive.  The statement must be signed by the consumer.  Idaho Code § 41-1030. 

Malpractice Damage Cap

Damage Cap Amount

State Code

Non-economic cap is $250,000, adjusted annually for inflation. No cap on economic damages.