Conn. Agencies Regs. § 38a-707-7

Current through November 7, 2024
Section 38a-707-7 - Surplus lines submissions
(a) A duly licensed producer and surplus lines broker involved in the same transaction may each charge a flat fee per policy for business placed in the surplus lines market, provided that the sum of the fee charged by such Producer and the fee charged by such surplus lines broker shall not exceed $250.00 in the aggregate. In the alternative, such producer and surplus lines broker may charge a fee of up to five percent of the applicable premium, not to exceed $500.00 in the aggregate.
(b) The fees referenced in this section may be charged for new and renewal business.

Conn. Agencies Regs. § 38a-707-7

Effective September 25, 1992; Amended December 22, 2003