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 receiving commissions for insurance placement.  Wis. Stat. Ann. § 628.32. 

Yes.  Before charging a fee to an insured, an insurance producer must provide written disclosure of the amount of the fee to be paid by the insured and, to the extent applicable, the amount of any compensation from other sources (such as commissions).  Wis. Stat. Ann. § 628.32.


Malpractice Damage Cap

Damage Cap Amount

State Code

Cap found unconstitutional in Mayo v. Wisconsin, 2017. However, cap was reinstated in 2018 by Wisconsin Supreme Court. Non-economic: $250,000, adjusted for inflation annually with an absolute maximum of $375,000. In catastrophic cases, $500,000 adjusted annually up to a max of $750,000. No cap on economic damages

*Click here for full list of malpractice damage caps by state