What Does Collection Fee Mean?

Free Business Insurance Quote Click Here
What does Collection Fee mean? Read on to discover the definition & meaning of the term Collection Fee - to help you better understand the language used in insurance policies.

Collection Fee

Collection Fee

A collection fee is the compensation an insurance agent receives for successfully collecting policy premiums from a policyholder. These fees are paid by the insurance company that issued the policy.

We hope the you have a better understanding of the meaning of Collection Fee.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here