(1) A surplus lines insurance producer may collect a flat fee per policy for business placed in the surplus lines insurance market. The fee may not exceed:
- (a) $50 for a personal lines insurance policy; or
- (b) $100 for a commercial lines insurance policy.
- (2) The fees allowed under this section are not considered part of the premium charged to the insured and do not fall within the definition of premium provided in 33-15-102.
- (3) The fees allowed under this section apply only to surplus lines insurance producers transacting surplus lines insurance business.
History: En. Sec. 1, Ch. 223, L. 2015.