For surplus line broker organizations that have paid the $700 fee on or after January 1, 2008, how will the additional $300 fee be charged?
The business entity that previously paid $700 for a surplus line broker license that will now be paying $1,000 will see a one-time additional charge of $300 on their next renewal notice. The additional charge will be $150 for some business entities that only paid the one-year fee of $350 and will be $450 for business entities that paid both the one-year fee of $350 and also subsequently paid the $700 two-year fee. Furthermore, the endorsement fee will remain as a one-time fee of $24.
Related Questions
- When would I be required to pay the additional $500 fee if I renewed my surplus line broker license with a $500 fee and later I submit a bond to be a broker who can transact on my own behalf?
- For surplus line broker organizations that have paid the $700 fee on or after January 1, 2008, how will the additional $300 fee be charged?
- What will my renewal fee be if I am an individual who is transacting on his own behalf that paid $700 for a surplus line broker license?
