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was reading on the charging a cancellation fee thread for the non standard agencies...looked up Florida rules and came across the Frequently Asked Questions answer #37. $10 brokerage fee for the minimum auto policy in Florida..I feel like I'd definitely want to charge this to deter these types of policies in the agency..but it does'nt seem like $10 is that stiff of a fee..only way i can think of it adding up is if a customer has 3 or 4 cars that wants pip/pd on all of them, then each car counts as its own policy and I could hit them up with a fee for each car since each vehicle is its own policy number.
My question is, how do you collect this? what do you do with this fee? just deposit it cash money into your operating account? where do you input it into your accounting. how do you document in your office that this is a fee that you charge. Any tips or ideas on the process?
My question is, how do you collect this? what do you do with this fee? just deposit it cash money into your operating account? where do you input it into your accounting. how do you document in your office that this is a fee that you charge. Any tips or ideas on the process?
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