2004 Minnesota Statutes

     60A.204 Additional charges and fees. 

    Subdivision 1.    Placement fees.  A surplus lines 
 licensee may charge, in addition to the premium charged by an 
 eligible or ineligible surplus lines insurer, a fee to cover the 
 cost incurred in the placement of the policy which exceeds $25, 
 but only to the extent that the actual additional cost incurred 
 for services performed by persons or entities unrelated to the 
 licensee exceeds that amount.  

    Subd. 2.    Regulation of fees.  A fee charged pursuant 
 to subdivision 1 shall not be excessive or discriminatory.  The 
 licensee shall maintain complete documentation of all fees 
 charged.  Those fees shall not be included as part of the 
 premium for purposes of the computation of the premium taxes.  

    Subd. 3.    Commission charges.  Notwithstanding the 
 provisions of subdivision 1, a licensee may add a commission 
 charge if the insurer quotes a rate net of commission and the 
 commission is not excessive or discriminatory.  

    HIST: 1981 c 221 s 9