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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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Producers may charge a fee for placement of insurance in addition to receiving a commission for such placement. Minn. Stat. § 60K.46.
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Yes. A producer may charge fees in addition to commissions provided the fees are charged pursuant to a written statement disclosing: the services for which fees are charged; the amount of the fees; that the fees are charged in addition to premiums; that premiums include a commission; and all fees charged are reasonable in relation to the services rendered. Minn. Stat. § 60K.46.
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Yes, see fees in lieu of commissions
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Yes, see fees in lieu of commissions
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No
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