Florida Insurance Agency Fees and Car Insurance

What Fees Can Be Charged in Florida on Car Insurance

Florida allows two fees to be charged by Licensed General Lines Agents related to car insurance policies.

• The agent / agency can charge the cost of obtaining a motor vehicle report - with limitations
• The agent /agency can charge $10 a policy with only PIP and Property Damage - with limitations

The rules for both are at this link...

http://www.leg.state.fl.us/statutes/index.cfm?App_Mode=Display_Statute&Search_String=&URL=Ch0627/Sec7295.htm&StatuteYear=1998

Cost of MVR

This rule is in Section 5(b). The key take away is your cost for the MVR cannot not be "otherwise compensated". In other words, the insurance company your place this business with cannot reimburse you for the cost.

You cannot charge more than the actual cost of the MVR.

You cannot include in the cost subscription or access fee you may pay.

PIP and Property Damage Only Policies

This rule is in Section 5(a). there are two important issues.

1. The "policy covers only personal injury protection coverage as provided by s. 627.736 and property damage liability coverage as provided by s. 627.7275 and if no other insurance is sold or issued in conjunction with or collateral to the policy."
2. "The per-policy fee must be a component of the insurer's rate filing and may not be charged by an agent unless the fee is included in the filing."

It is your responsibility to know if your carrier's rate filing includes this fee.