Which of the following is a specific service for which an insurance producer is NOT allowed to charge a fee to the applicant or policyholder?

An insurance producer is not allowed to charge a fee for financial planning because this service often falls outside the realm of traditional insurance transactions and can involve comprehensive advice about managing finances, investments, and risk assessment beyond simply providing insurance products. Charging for such services can lead to conflicts of interest and regulatory issues, as it could be perceived that the producer is prioritizing fee generation over the best interests of the client.

In contrast, services like extending business hours, making copies of insurance documents, or quoting premiums typically pertain directly to the core functions of the insurance producer’s role and are considered part of the service they provide to facilitate insurance transactions. As such, charging fees for these services is generally permissible under industry regulations. This distinction helps ensure that producers maintain a clear and fair relationship with clients, avoiding situations where clients might feel pressured or misled regarding potential extra costs related to non-insurance activities.