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Service fees
Agents cannot charge service fees
Is it legal for an insurance agent to add a service fee to agency-billed premium invoices?
New York state policy fees explained
We have been asked many times by insureds over the last two or three years what the New York state policy fees are for and where they go. Specifically, they ask about the $5 per vehicle auto policy fee and the assessment on workers’ compensation policies.
We have been telling insureds that we don’t get any commission on the fees, nor do we have any say on how they are spent. To date, we have not been successful in getting a clear-cut answer (even from the insurance companies themselves) on who gets this money and what it is used for. Can you help answer this question?
General agent service fees
Can general agents charge service fees indirectly through subproducers?
Fees charged by general agents
I broker some of my business through a managing general agent. Is it permissible for the general agent to charge me a “policy fee” with the expectation that I will pass the fee on to the insured?
Wholesaler service fees
Can a wholesale insurance broker charge service fees?
New York State Insurance Fund fees
On a piece of business written through the New York State Insurance Fund, is it permissible to charge a service fee to the client as we receive no commission on this business?
Consultative services
If I’m an insurance agent, can I charge a customer a fee for helping them collect a claim payment?
Service fees
May an insurance agent or broker receive additional compensation under a written service fee agreement when placing life insurance?
Charging fees in connection with health insurance
Does Section 2119 of the Insurance Law let an insurance producer charge fees in connection with health insurance?