Can a Surplus Lines Broker Charge a Fee?

A Surplus Lines Broker should not be charging a policy fee for service that is already paid for by the receipt of commission by the broker as part of the sale.  In instances where additional services are provided to the insured, a broker can charge a fee that is reasonable in relationship to the service provided.  Vermont law requires a broker to obtain a prior written agreement with a client, policyholder, or other member of the public concerning the fees or charges made by that broker for that broker procuring, servicing, or providing advice on insurance contracts.