Does the law eliminate the recoupment fee?
The recoupment fee will be eliminated gradually. Until 2002, all drivers in this State will pay recoupment. It will not be included as a surcharge on your bill. It will be included in your overall premium and will be charged as a percentage of your liability premium. The law caps recoupment at 10% of your liability premium. After 2002, only drivers with violations will pay recoupment. Recoupment will continue to be paid until the insurance companies are reimbursed for the losses they have already paid.
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- Does the law eliminate the recoupment fee?
