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Insurance license fees rejected

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Posted: Jan 28, 2011 4:24 PM
Source: Associated Press

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Topics: baton, rouge, lawmakers, plans, rejected, credit, card, payments, licenses, fees, payments, wbrz, louisiana

BATON ROUGE - Lawmakers have rejected plans for the Louisiana Department of Insurance to allow credit card payments for licenses, because they objected to the sliding scale of fees tacked onto card payments.

The department had proposed the use of credit and debit cards for insurance agents, claims adjusters and others who currently can't use a charge card to pay for their licenses. The "convenience fees" would have ranged from $2 to $6 in those instances.

But the fee scale grew much higher if the department decided to allow card payments for other items, and lawmakers on two money panels said Friday the fee range was too high to support.

Insurance officials say the money would be passed to the vendor processing the transactions and wouldn't be given to the insurance department.

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