§ 27-25-4.7 — Fees

Alabama § 27-25-4.7

• Jurisdiction: Alabama
• Title 27: Insurance
• Ch. 25: Title Insurance

Text

(a) The Commissioner of Insurance shall collect in advance the following fees:
(1) Title insurance agent licenses:
a. Individuals:
1. Application fee (for filing of initial application for license) ..............................$20
2. License fee (for issuance of original license and each biennial renewal) .....................$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 fee, an amount set by the commissioner not to exceed........................$100
d. Late renewal fee, to be paid by each title insurance agent failing to make a timely renewal of license.............$50
(2) Title insurance agent appointment fee:
a. Filing notice of appointment ...........................................$30
b. Annual continuation of appointment ................................$10
(3) Prelicensing course provider fee (for filing initial application for authority and annual renewal) an amount set by the commissioner not to exceed ........$100
(b) The fees specified in subsection (a) shall be deposited in the State Treasury and credited to the Insurance Department Fund.

Legislative History

(Act 2012-397, p. 1078, §2.)