Department of Insurance, Securities and Banking: Prohibition of Service Fees
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BULLETIN No.  05-IB-006 12/15 | PDF version

December 15, 2005  

TO:       All Insurance Companies Issuing Automobile Insurance Coverage for Taxicabs in the District of Columbia

FROM:  Thomas E. Hampton, Acting Commissioner

RE:        Prohibition of Service Fees

Prohibition of Service Fees

Beginning on January 1, 2006, no insurance company or insurance producer shall pay any sticker fee, service fee, or any other remuneration to a taxicab company in conjunction with providing insurance pursuant to Chapter 8 of Title 26 of the District of Columbia Municipal Regulations. No person or company shall collect any sticker fee, service fee, or any other fee from an insured taxicab driver in connection with the collection of insurance premium provided under Chapter 8 of Title 26 of the District of Columbia Municipal Regulations for a taxicab or a taxicab driver, unless the person or company has received an insurance producer license. 

Any person who violates the restriction in this bulletin shall be subject to a fine of one thousand dollars ($1,000) for each violation, and if the person in violation of this bulletin is an insurer or an insurance producer, such person’s license may be subject to suspension or revocation by the department.

If you have any questions regarding this bulletin, please contact Leslie Johnson at (202) 442-7756.


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