What is the new fee for a business entity to endorse and/or terminate a surplus line broker changed?
As explained in question 2, the fee for licensed surplus line broker business entity to endorse a licensed individual surplus line broker on their licenses has been reduced from $336 per license term to a one-time $24 fee. In addition, there is a new requirement for surplus line broker business entity to notify the CDI when terminating a broker on their license, which is also a one-time fee of $24.
Related Questions
- If an organization has a fire and casualty broker-agent and a surplus lines broker license does the business entity have to endorse both qualifications?
- What will the business entity renewal fee be if the Business Entity paid $700 for a surplus line broker license?
- What is the new fee for a business entity to endorse and/or terminate a surplus line broker changed?
