Connecticut Administrative Code
Title 38a - Insurance Department
707 - Service Fees to Be Charged by Insurance Producers and Surplus Lines Brokers
Section 38a-707-8 - Miscellaneous and renewals
Current through March 14, 2024
(a) Any other service charges not scheduled in sections 38a-707-2 to 38a-707-7, inclusive, shall be submitted individually for approval. Except as provided in this section and in section 38a-707-7 of the regulations of Connecticut State Agencies, service fees shall not be permitted for renewals handled in the usual and customary manner, except that such fees may be charged on renewal business where a re-underwriting of the risk is necessary.
(b) Where, pursuant to section 38a-707-1 to 38a-707-9, inclusive, of the Regulations of Connecticut State Agencies, the same insurance policy may be assessed a service fee by both an insurance producer and a surplus lines broker, the total of such fees shall not exceed five percent of the applicable premium or $500.00, whichever is less.
