Schedule of transaction and administration fees and charges
This Schedule of Fees and Charges (“the Schedule”) sets out the charges and fees Jatco Insurance Brokers PCC Limited (“the Company”) shall charge You for the insurance brokerage services that are provided to You. This is pursuant to the Company’s Client Terms of Business Agreement under section entitled “Remuneration”, the respective General Terms & Conditions (where the brokering services definitions are outlined within) and any applicable General Terms and Conditions to specific insurance products and/or services which the Company has previously notified You. In addition to the charges and fees described in the Schedule, You will also be charged additional costs and expenses incurred in providing the services, such as Government stamp duty, Insurance Company policy fee and/or market charge where appropriate.
Type of Policy
Service provided
Fee charged
All types of insurance policies other than those specified hereunder where the premium does not exceed € 2500.
On new placements, renewals, extensions, or mid-term adjustments or on re-marketing of insurance policy
€12.50
Non-Motor Insurance other than those specified hereunder where the premium does not exceed € 2500
On new placements, renewals, extensions, or mid-term adjustments or on re-marketing of insurance policy
€15.00
Where the premium exceeds €2500
*
Individual Travel Insurance
On new placements
€12.50
Group Annual Travel Insurance
On new placement, renewals,
extensions or on re-marketing of insurance policy
*
Individual Marine Cargo Insurance
On new placements or on re- marketing of insurance policy
€15.00
Marine Declarations
€10.00 per declaration
Professional Liabilities & Medical malpractice insurance
On new placements, renewals, extensions, or mid-term adjustments
Premium Bands = Fees
Under €750 = €15
€751- €1500 = €50
€1501 – €2500 = €75
Over €2500 *
Directors & Officers, Freight
Forwarders, Transport Operator, Contractors All Risks & other Special Risks insurance
On new placements, renewals, extensions, or mid-term adjustments
Premium Bands = Fees
Under €750 = €15
€751- €1500 = €50
€1501 – €2500 = €75
Over €2500 *
Group Life, Group Health and large risks
On new placements, renewals, extensions, or mid-term adjustments
*
Cancellation of an Insurance policy is subject to the Insurance Company’s guidelines and the administration fees referred to in this Part of the Schedule also apply.
1. You may request that any return premium generated from the cancellation of an insurance policy is paid to your bank account. The Company will charge, in addition to any charge made by the Insurance Company, a policy/admin. fee which is equivalent to the proportional brokerage earned on the last annual/renewal premium, from the date of cancellation.
2. You may request that any return premium generated from the cancellation of an insurance policy is retained in your account to be utilised against any future premium(s) due in the next 6 months from cancellation in which case no additional administration fee will apply.
*On a case by case basis
Important notice of third party charges and fees:
In addition to the above fees, Insurance Companies usually charge a policy administration fee per policy. Such fees
are explained separately in the premium computation that the Company provide You.
General Proviso:
The Company reserves the right to evaluate each insurance placement and consider charging additional fees at its
discretion, subject to prior notification.