This text of Alabama § 27-4-2 (Advance Fees, Licenses, and Miscellaneous Charges) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
(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
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(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 license (resident or nonresident):
a. Individuals:
1. Application fee (For filing of initial application for license) ..... 30
2. License fee (For issuance of original license) ..... 50
b. Business entities:
1. Application fee (For filing of initial application for license) ..... 30
2. License fee (For original license and each biennial renewal) ..... 100
c. Examination fee (For producer examination or reexamination, each classification of examination), an amount set by the commissioner not to exceed ..... 100
(6) Producer appointment fee:
a. Filing notice of appointment ..... 40
b. Annual continuation of appointment ..... 25
c. Late fee, for failing to timely pay annual appointment continuation invoice .......... 250, plus an additional 250 for each additional month late
(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 license:
a. Application fee (For filing of initial application for license, each insurer) ..... 30
b. Appointment fee, property and casualty, each insurer (For original appointment and each annual renewal) ..... 40
(10) Surplus line broker:
a. Application fee (For filing of initial application for license) ..... 30
b. License fee (For original license and each annual renewal):
1. Individuals ..... 200
2. Business Entities ..... 500
(11) Adjusters (resident or nonresident):
a. Application fee (For filing of initial application for license; individuals and business entities) ..... 30
b. License fee (For original license and each biennial continuation):
1. Individuals ..... 80
2. Business Entities ..... 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.