FL P&C Retail Agent Fees / Broker Fees on Surplus Lines Policies

[Austin220]

Are any Florida P&C agents charging broker fees on exported (surplus lines) policies? If so, are you doing this for both personal and commercial lines? What do you typically charge? Do you waive the fee on policies with higher premiums?

Florida laws were updated on July 1, 2019 to allow the following:
Allows retail agents to receive a reasonable per-policy fee on exported policies; the per-policy fee must be itemized separately for the consumer before purchase. This fee is not required to be shown in the policy.

 

[myfakename]

I rarely do, but i also have arrangements with brokers to pay near standard company commission on most brokered policies.

 

[marindependent]

exported (surplus lines) policies?

What does "exported" refer to?

 

[Austin220]

What does "exported" refer to?

"Exported" refers to surplus lines policies. These policies are exported from the admitted market to the suplus lines market.

 

[Austin220]

I rarely do, but i also have arrangements with brokers to pay near standard company commission on most brokered policies.

So when do you charge broker fees?

 

[myfakename]

So when do you charge broker fees?

When i dont care if i run someone off.