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Charge fee in addition to or in lieu of collecting commissions?
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Specific Disclosures or written agreements required to charge fees to a client?
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Admin fees for insurance placement?
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Charges for services unrelated to the placement of insurance?
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Additional licensing required?
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Producers may charge fees in addition to receiving commissions in connection with the sale, solicitation or negotiation of commercial lines policies. Producers acting as financial advisors may not charge fees for services customarily associated with the sale, solicitation or servicing of policies. 40 Pa. Stat. Ann. §§ 310.74 and 625-3
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Yes. Fees must be disclosed in advance in writing to the person charged and be reasonable in relation to the services provided. 40 Pa. Stat. Ann. § 310.74
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See regs under charging fees in lieu of commissions
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See regs under charging fees in lieu of commissions
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No
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