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Insurance Broker Annual Fee

Insurance Broker Annual Fee

Every Broker shall pay an Annual Licence Fee as follows:

Insurance
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The Amount of annual license fee payable per annum by a Direct Insurance Broker is a sum calculated at the rate of 0.50 per cent of the remuneration earned in the preceding financial year subject to minimum of INR 25000 and maximum of INR 100000

The Amount of annual license fee payable per annum by a Reinsurance broker is a sum calculated at the rate of 0.50 per cent of the remuneration earned in the preceding financial year subject to minimum of INR 75000 and maximum of INR 300000

The Amount of annual license fee payable per annum by a Composite Broker is a sum calculated at the rate of 0.50 per cent of the remuneration earned in the preceding financial year subject to minimum of INR 125000 and maximum of INR 500000

Insurance Law And Practice - ICSI
Insurance Broker Annual Fee Insurance Broker Annual Fee Reviewed by Blog Editor on Thursday, May 04, 2017 Rating: 5

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