What is the surcharge for the first 30 days if the request to renew a surplus lines broker's license is not received by the Commissioner prior to the expiration date?

When it comes to renewing a surplus lines broker's license in Washington, there is a specific surcharge applied if the renewal request is not received by the Commissioner prior to the expiration of the license. For the first 30 days following the expiration date, a 50% surcharge on the renewal fee is imposed. This policy serves to encourage timely renewals and emphasizes the importance of adhering to the regulatory deadlines.

Understanding this aspect of licensing helps clarify the responsibilities of brokers and illustrates the consequences of delays in the renewal process. After the initial 30 days, the surcharges may increase, stressing the necessity of maintaining compliance to avoid additional costs.