2007 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.
History: 1981 c 221 s 9