|
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?
|
|
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.
|
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.
|
|
|
No
|