Agency Fees that can be charged In Alabama for Commercial Apps
Posted: Tue Aug 22, 2017 10:31 pm
The State of Alabama has a list of acceptable fees that Independent Agents can charge clients.
Without re-listing these fees here, am I allowed to also collect an "Agency Fee," (i.e. $50), when writing commercial/busn? This fee is posted on the office wall visibly, and.... the client has to read and sign a fee disclosure, which clearly states that the fee is distinct separate from the insurance carrier's premium/fees, etc.
As long as I disclose the fee, is it a fee I can charge? By the way, every commercial/busn client is charged the same agency fee for initial application processing and will pay it every time the policy renews, as often commercial/busn renewals require some new app processing.
Without re-listing these fees here, am I allowed to also collect an "Agency Fee," (i.e. $50), when writing commercial/busn? This fee is posted on the office wall visibly, and.... the client has to read and sign a fee disclosure, which clearly states that the fee is distinct separate from the insurance carrier's premium/fees, etc.
As long as I disclose the fee, is it a fee I can charge? By the way, every commercial/busn client is charged the same agency fee for initial application processing and will pay it every time the policy renews, as often commercial/busn renewals require some new app processing.