|HOW MUCH IS THE SURPLUS LINE STAMPING FEE?
Each broker shall pay to the association a fee (invoiced monthly) for the review of surplus line transactions accepted during the month.
For policies effective on and after Jan 01, 2016, the fee is one-half of 1 percent (.0050) of the policy/endorsement premium.
For policies effective prior to Jan 01, 2016, the fee is one-quarter of 1 percent(.0025)of the policy/endorsement premium.
Broker Policy Fees and Exam Fees are deemed premium
Endorsement stamping fees are calculated on the effective date of the originating policy.
Stamping Fees are fully earned and not returned unless the policy is canceled flat.
Reinstatements are subject to stamping fees.