Increased Policy Fees for Alabama Agents
The Alabama Department of Insurance has issued a Bulletin increasing the maximum fee amounts agents can charge when issuing property and casualty policies.
These administrative fees are separate and distinct from the insurance company’s premium and must be disclosed to consumers as a separate charge by the producer.
For more detailed information, please see Bulletin xxx-2016, located here: Bulletin 2016-06
Or you can access the bulletin on the Department of Insurance site, here: Bulletin 2016-06 AL DOI
We hope this information is helpful to you. As always, please contact us at 1-888-501-7330 if we can be of assistance to you.
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