South Carolina Limits on Insurance Agency Convenience Fees

South Carolina Insurance Agents Fees

Can South Carolina insurance agents charge a convenience fee when their customers pay premiums using a credit card?

Yes - BUT - the maximum amount they can charge is $3.00 unless they get specific written approval for for a higher fee from the Insurance Commissioner.

Also, they must get the insured to sign a written agreement for these fees and show the fee as separate from the insurance premiums.

https://www.doi.sc.gov/DocumentCenter/View/7241/2013-11-Service-and-Policy-Fees

Compliance

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