Policy Fee Clause Samples
A Policy Fee clause defines a specific charge that is added to the cost of an insurance policy, separate from the premium. This fee typically covers administrative expenses related to issuing and maintaining the policy, and may be a flat amount or a percentage of the premium. By clearly stating the existence and amount of the policy fee, this clause ensures transparency in the total cost of coverage and helps prevent disputes over unexpected charges.
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Policy Fee. MGA shall comply with the provisions of Section 626.7451(11), F.S., and shall be entitled to retain as fully earned upon collection any duly authorized and collected per-policy fee pursuant to such section. The per-policy fee shall not exceed $25.00 or such other greater amount as may be authorized under Florida law. In no instance shall the aggregate of the per-policy fees for a placement of business authorized under Section 626.7451(11), Florida Statutes, when combined with any other per-policy fee charged by the Company, result in per-policy fees which exceed the aggregate amount of $25.00 or such other greater amount as may be authorized by Florida law. The per-policy fee shall be a component of the Company’s rate filing.
Policy Fee. There is no policy fee applicable.
Policy Fee. The reinsurance premium does not include a policy fee.
Policy Fee. The Company will pay the Reinsurer its share of the annual policy fee, subject to the same allowances applicable to that basic Reinsured Policy.
Policy Fee. MGA shall comply with the provisions of Section 626.7451(11), F.S., and the applicable laws and regulations of such other states in which the Company is licensed and authorized to transact insurance, and shall be entitled to retain as fully earned upon payment by the customer any duly authorized and collected per-policy fee pursuant to such law(s). The per-policy fee in Florida shall not exceed $25.00 or such other amount as may be authorized under Florida law or the amount established by applicable laws and regulations in such other states in which the Company is licensed and authorized to transact insurance, as applicable. In no instance shall the aggregate of the per-policy fees for a placement of business authorized under Section 626.7451(11), F.S., when combined with any other per-policy fee charged by the Company, result in per-policy fees which exceed the aggregate amount of $25.00 or the amount as may be authorized by Florida law or the amount established by the applicable laws and regulations in such other states in which the Company is licensed and authorized to transact insurance, as applicable. The per-policy fee shall be a component of the Company’s rate filing, if required by the applicable laws of each state in which the Company transacts business.
Policy Fee. The Company will pay the Reinsurer its share of the annual policy fee, subject to a 100% allowance in all years.
Policy Fee. A Policy Fee of up to $5 plus GST may be charged by Hostsure for administration and compliance costs associated with Hostsure’s role in the distribution of this product. This Policy Fee is in addition to the premium and is separately noted on the Policy Schedule. The Policy Fee is not refundable in the event of cancellation. Please contact Hosture by: Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇ If Hostsure require additional information, Hostsure will contact You to discuss. If Your complaint is not immediately resolved Hostsure will respond within 15 business days of receipt of Your complaint or agree a reasonable appropriate timeframe to respond. If this does not resolve the matter or You are not satisfied with the way a complaint has been dealt with, Email: ▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇▇ who will refer Your dispute to Policyholder & Market Assistance at Lloyd’s who will respond to Your complaint within 15 business days, unless an alternative timetable has been agreed with You. Complaints that can not be resolved by Policyholder & Market Assistance may be referred to the Financial Ombudsman Service (UK). Further details will be provided at the appropriate stage of the complaints process. In this Privacy Statement the use of ‘We’, ‘Us’ and ‘Our’ means the Insurer and Hostsure unless specified otherwise. We are committed to the protecting Your privacy. We need to collect, use and disclose Your personal information (which may include sensitive information) in order to consider Your application for insurance and to provide the cover You have chosen, administer the insurance and assess any claim. You can choose not to provide Us with some of the details or all of Your personal information, but this may affect Our ability to provide the cover, administer the insurance or assess a claim. The primary purpose for Our collection and use of Your personal information is to enable Us to provide insurance services to You. Personal Information will be obtained from individuals directly where possible and practicable to do so. Sometimes it may be collected indirectly (e.g. from Your insurance intermediary or co-insureds). If You provide personal information for another person You represent to Us that: • You have the authority from them to do so and it is as if they provided it to Us; • You have made them aware that You will or may provide their personal information to Us, the types of third parties We may provide it to, the relevant purposes We and the third parties We dis...