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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Brokers placing personal lines policies may charge a broker fee for services related to a transaction of insurance. Brokers cannot be agents of companies with which policies are placed. Broker fees exclude fees charged for services not related to a transaction of insurance. Brokers may charge fees for consulting services in connection with commercial lines property and casualty insurance but unrelated to a transaction of insurance. Cal. Code of Regs. tit. 10, §§ 2189.1-2189.8.
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Yes. In order to charge a fee and receive a commission, a broker placing personal lines policies must enter into a broker fee agreement signed by the consumer. Cal. Code of Regs. tit. 10, §§ 2189.1-2189.8.
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No
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