Now that the fees for the surplus line brokers and special lines surplus line brokers license have been reduced, how can I request a refund on my overpayment?
There will be no refunds given. Section 1765 (e) of the CIC authorizes the CDI to collect additional license fees resulting from the increase in licensee fees provided by AB 1699 and shall credit any overpayment resulting from reductions in license fees. Furthermore, there are no provisions in this bill for providing refunds to surplus line business entities who may believe that they had more of their employees licensed as surplus line brokers as a result of AB 1699 than they now believe to be necessary.
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