License Fee


Definition of "License fee"

Sum paid by an insurance company or other firms or individuals to designated types of business in a particular state or municipality.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

License

Document issued by a public or private institution to perform some activity according to legal requirements. There is usually a license fee. An exampl ...

Voluntary Employees Beneficiary Association (veba)

Tax-exempt entity as qualified under Section 501 (c)(9) of the Internal Revenue Code. The VEBA usually provides its members and their dependents and b ...

Base Premium

A ceding company's premium to which the reinsurance premium factor is used to produce the reinsurance premium. ...

Investments

Money expended with the object of profit. The goal of an insurance company is to invest in assets with a rate of return greater than that to be paid o ...

Aggregate Mortality Table

Type of mortality table that is based on combined statistics from both the ultimate mortality table and the aggregate mortality table. It shows total ...

Margolin Act

Legislation passed in California that establishes procedures applicable to any worker who incurs a job-related injury. This act has far-reaching impli ...

Popular Real Estate FAQ

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What Must I Disclose When Selling My Home? When to Dispute Your Home Appraisal LISTINGS 101: What You Need To Know When You Hire a Real Estate Agent or a Broker Rent or Buy - the pros and cons A Real Estate Agent’s Guide to Using Social Media Effectively

FAQ

What do I need to know about Term Life Insurance? What is a VA loan? What is a term? Why should I use a real estate agent? What is a second mortgage?