GA | The Georgia Office of Commissioner of Insurance and Safety Fire has issued Bulletin 24-EX-7. This bulletin addresses the same issue which is referenced in Directive 22-EX-4, and therefore this bulletin is meant to supersede and replace that of Directive 22-EX-4.
It has come to the attention of the Commissioner that surplus line insurers and brokers are collecting fees in violation of the Georgia Unfair Trade Practices Act. The purpose of this Bulletin is to remind surplus line insurers and brokers that it is unlawful to charge customers added fees in conjunction with the sale of a surplus line insurance policy. With specific exceptions, a surplus line insurer or broker may not collect any sum in excess of the premiums and charges for insurance specified by the insurer in the insurance policy.