|
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?
|
|
Producers may charge fees for services separate from selling, soliciting or negotiating insurance if the fee is filed with the director and the following conditions exist: (i) the services performed are in excess of those normally performed for insurance clients; (ii) the disclosure and written agreement requirements are satisfied; and (iii) the service charge is reasonably related to the cost of the services provided (Ariz. Rev. Stat. § 20-465)
|
Yes. Fees and the services for which the fees are charged must be disclosed and agreed to in writing by insureds on forms approved by the Arizona insurance director (Ariz. Rev. Stat. § 20-465. )
|
|
|
No
|