What are the rules regarding charging a broker fee or a policy fee?
Do I charge surplus line tax, fire marshal tax and/or stamping fee against the broker fee/policy fee?
No. Surplus line tax, fire marshal tax and stamping fees are only assessed against actual premium.
Are there restrictions or rules about how much I can charge and my recordkeeping?
Yes. See paragraph (e) of
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regulations and other information and do not constitute legal advice. It is
recommended that you consult your legal advisers regarding application of
state and federal laws and regulations to any particular situation. The
Surplus Line Association does not undertake and hereby disclaims any
obligation to advise you of any change to laws and
regulations or the procedures of the Surplus Line Association.