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Insurance Broker Annual Fee

Insurance Broker Annual Fee

Every Broker shall pay an Annual Licence Fee as follows:

Insurance
[Post Image Courtesy of David Castillo Dominici at FreeDigitalPhotos.net]

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

About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

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