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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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Insurance producers may charge fees in lieu of commissions for insurance placement only if the fee is contemplated in the rate filing and included in the commission filed. Producers may charge fees for services not related to insurance placement. Colo. Dep't of Ins. Reg. 1-2-9
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Yes. A producer may charge a fee if a disclosure statement is signed by the client stating that there is no obligation to purchase any insurance product in exchange for the service; no disclosure is required if it is clear from the outset that no insurance product sale related to the specific services rendered will occur through the producer. Colo. Dep't of Ins. Reg. 1-2-9.
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Yes
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Producers may charge fees for services not related to insurance placement. Colo. Dep't of Ins. Reg. 1-2-9.
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No
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