Fees paid to an intermediary for facilitating the transaction between the insurer and the captive.
EXAMPLE:
> If a group captive pays 5% of the premium to a broker for finding and placing business with an insurer, this is a Brokerage Fee.
Fees paid to an intermediary for facilitating the transaction between the insurer and the captive.
EXAMPLE:
> If a group captive pays 5% of the premium to a broker for finding and placing business with an insurer, this is a Brokerage Fee.