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Current as of March 28, 2024 | Updated by FindLaw Staff
The Insurance Commissioner shall collect annually or biennially as prescribed by rule of the commissioner and pay to the Treasurer of State the following fees, licenses, and miscellaneous charges:
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(1) |
Admission fees: |
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(A) |
Filing and reviewing all documents necessary for issuance of certificate of incorporation for domestic companies |
$100.00 |
||
(B) |
Issuance of an original certificate of incorporation for domestic companies |
50.00 |
||
(C) |
Reviewing all documents necessary for issuance of original certificate of authority |
500.00 |
||
(D) |
Issuance of original certificate of authority for all companies․․․․․․․․․ |
150.00 |
||
(E) |
Issuance of original license for rate service organizations and employer service assurance organizations |
500.00 |
||
(F) |
Filing and reviewing all documents of a nonadmitted company seeking to be placed on the “approved” list for the writing of surplus lines insurance |
500.00 |
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(2) |
Annual renewal fees: |
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(A) |
Filing an annual statement for all companies․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
50.00 |
||
(B) |
Renewal of a certificate of authority for all companies․․․․․․․․․․․․․․․․․ |
100.00 |
||
(C) |
Rate service organizations and employer service assurance organizations, annual continuation of license |
100.00 |
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(3) |
Other miscellaneous fees: |
|||
(A) |
Amendment to articles of incorporation․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
25.00 |
||
(B) |
Reinstatement of certificate of authority․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
50.00 |
||
(C) |
Amending an existing certificate of authority․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
100.00 |
||
(4) |
Agent's license for resident agents: |
|||
(A) |
Property, casualty, surety agents: |
|||
Original issuance of each license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
15.00 |
|||
Annual continuation of appointment, each insurer․․․․․․․․․․․․․․․․․․․․․․․․ |
10.00 |
|||
Appointment of agent by insurer, each insurer․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
10.00 |
|||
(B) |
Life and accident and health insurance agents: |
|||
Appointment of agent by insurer, each insurer․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
10.00 |
|||
Annual continuation of appointment, each insurer․․․․․․․․․․․․․․․․․․․․․․․․ |
10.00 |
|||
(C) |
Each vending machine licensed under § 23-64-221, each year․․․․․․․․․․․․․․
|
10.00 |
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(5) |
Broker's license for resident brokers: |
|||
(A) |
Original license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
30.00 |
||
(B) |
Annual continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
30.00 |
||
(6) |
Nonresident broker (corporate) license: |
|||
(A) |
Original license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
30.00 |
||
(B) |
Annual continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
30.00 |
||
(7) |
Nonresident broker license: |
|||
(A) |
Original license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
30.00 |
||
(B) |
Annual continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
30.00 |
||
(8) |
Nonresident agent license fees:․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
As established by rule of the commissioner |
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(9) |
Temporary license: |
|||
(A) |
As resident agent․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
10.00 |
||
(B) |
As resident broker․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
25.00 |
||
(10) |
Examination for agent or broker license: |
|||
(A) |
Filing application for examination for agent or broker․․․․․․․․․․․․․․․․․․ |
10.00 |
||
(B) |
Filing application for reexamination for agent or broker․․․․․․․․․․․․․․․․ |
5.00 |
||
(11) |
Surplus line broker license: |
|||
(A) |
Original license, individual․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
1,000.00 |
||
(B) |
Original license, firms and corporations plus one (1) qualifying individual |
1,000.00 |
||
(C) |
Each additional individual․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
100.00 |
||
(D) |
Annual continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
25.00 |
||
(12) |
Adjuster's license, each year․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
25.00 |
||
(13) |
Consultants: |
|||
(A) |
Original license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
25.00 |
||
(B) |
Annual renewal․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
25.00 |
||
(14) |
Miscellaneous services: |
|||
(A) |
For copies of documents and records on file in State Insurance Department, per page |
0.25 |
||
(B) |
For each certificate of the commissioner other than certificates of authority |
5.00 |
Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-61-401. Miscellaneous fees and charges - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-61-401/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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