Showing posts with label South Carolina Insurance payments. Show all posts
Showing posts with label South Carolina Insurance payments. Show all posts

Tuesday, July 3, 2018

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.


Compliance

We -  Simply Easier Payments - take your compliance very seriously. That means we do our best to keep current on laws and regulations in every state to do our best to never create a compliance issue for you using our service.