Section 27-4-2


Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
Section 27-4-2

Section 27-4-2Advance fees, licenses, and miscellaneous charges.

(a) The Commissioner of Insurance shall collect in advance fees, licenses, and miscellaneous charges as follows:



(1) Certificate of authority:



a. Initial application for original certificate of authority, including the filing with the commissioner of all documents incidental thereto ..... $500



b. Issuance of original certificate of authority ..... 500



c. Annual continuation or renewal fee ..... 500



d. Reinstatement fee ..... 500



(2) Charter documents, filing with the commissioner amendment to articles of incorporation or of association, or of other charter documents or to bylaws ..... 25



(3) Solicitation permit, filing application and issuance ..... 250



(4) Annual statement of insurer, except when filed as part of application for original certificate of authority, filing ..... 25



(5) Producer licenses (resident or nonresident):



a. Individuals:



1. Application fee (For filing of initial application for license) ..... 20



2. License fee (For issuance of original license) ..... 40



b. Business entities:



1. Application fee (For filing of initial application for license) ..... 20



2. License fee (For original license and each biennial renewal) ..... 100



c. Examination fees (For producer examination or reexamination, each classification of examination) ..... 50



(6) Producer appointment fee:



a. Filing notice of appointment ..... 30



b. Annual continuation of appointment ..... 10



(7) Reinsurance intermediary license:



a. Filing application for license ..... 30



b. Issuance of initial license ..... 140



c. Annual continuation of license ..... 100



(8) Managing general agent license:



a. Application fee (For filing of initial application for license, each insurer) ..... 30



b. Issuance of initial license, each insurer ..... 125



c. Annual continuation of license, each insurer ..... 75



(9) Service representative's license:



a. Application fee (For filing of initial application for license, each insurer) ..... 20



b. Appointment fee, property and casualty, each insurer (For original appointment and each annual renewal) ..... 30



(10) Surplus line broker:



a. Application fee (For filing of initial application for license) ..... 20



b. License fee (For original license and each annual renewal):



1. Individual licensees ..... 200



2. Business entity licensees ..... 500



(11) Adjusters (resident or nonresident):



a. Application fee (For filing of initial application for license; individuals and business entities) ..... 20



b. License fee (For original license and each biennial continuation)



1. Individual licensees ..... 80



2. Business entity licensees ..... 200



c. Examination fee, an amount set by the commissioner not to exceed ..... 100



(12) Miscellaneous services:



a. For copies of documents, records on file in Insurance Department, per page ..... 1



b. For each certificate under seal of the commissioner, other than licenses ..... 5



(13) The commissioner shall collect a fee of fifty dollars ($50) when, in acting as agent for service of process for any insurance company, fraternal benefit society, mutual aid association, nonresident producer, nonresident independent adjuster, or nonresident surplus line broker, he or she accepts the service of legal process as provided by the laws of this state. The commissioner shall refuse to receive and file or serve any process unless the process is accompanied by the aforementioned fee, which shall be taxed as costs in the action.



(b) The fees and licenses specified in subsection (a) shall be deposited in the State Treasury with 50 percent credited to the General Fund and 50 percent credited to the Insurance Department Fund.

(Acts 1935, No. 194, p. 256; Acts 1957, No. 598, p. 848, §4; Acts 1971, No. 407, p. 707, §76; Acts 1988, 1st Ex. Sess., No. 88-875, p. 410, §1; Act 2001-702, p. 1509, §15; Act 2006-299, p. 614, §1; Act 2011-637, p. 1544, §2; Act 2014-346, §1(b)(6).)