HOW MUCH IS THE SURPLUS LINE FEE?

Each broker shall pay to the association a fee (invoiced monthly) for the review of surplus lines coverage accepted during the month. For policies with an effective date PRIOR to Jan 01, 2007, the fee is one-half of 1 percent (.005) of the policy/endorsement premium. For policies effective on and after Jan 01, 2007, the fee is one-quarter of 1 percent (.0025). 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.