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Broker/Other Fees

A:
The CDI has directed that all charges imposed or required by the surplus line insurer, whether labeled as premium, inspection fees, policy fees, or any other name, constitute taxable premium. For additional information on fees, refer to SLA Bulletin #997.
A:
If the state taxes and stamping fees are calculated on the pure premium plus policy/inspection and/or other fees, the taxable premium would be the total of the gross premium and the fees.
A:
If state taxes and stamping fees are based on premium plus fees, the broker should list the total of both as one amount on the adding machine tape or the cover note. The broker should not list the gross premium as one amount and the fees as a separate amount.