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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 or in addition to commissions for placement of insurance. Utah Code Ann. § 31A-1-301, Utah Code Ann. § 31A-23a-401, Utah Code Ann. § 31A-23a-501.
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Yes. Prior to performing consulting services, written disclosure must be provided to and signed by the client setting forth the fee and the consultant’s interest as an agent. Utah Code Ann. § 31A-1-301, Utah Code Ann. § 31A-23a-401.
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Yes |
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Yes, to charge a fee as a consultant, must be licensed as such. Utah Code Ann. § 31A-1-301.
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