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?
Agents may charge policy fees, agent fees, services fees, and inspection fees in addition to receiving commissions related to the placement of insurance.  Tex. Ins. Code Ann. § 4005.054
Yes.  An agent must disclose any fees to the client and receive the client’s written consent before providing services or receiving fees.  Tex. Ins. Code Ann. § 4005.003, 28 Tex. Admin. Code §19.1503 

Malpractice Damage Cap

Damage Cap Amount

State Code

$250,000 non-economic cap or $500,000 if against more than one party. No cap on economic damages.