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Current as of January 01, 2023 | Updated by FindLaw Staff
The commissioner shall require the payment of one hundred thirty-six dollars ($136), in advance, as a fee for filing an application for each amendment of a certificate of authority authorizing any insurer to transact business in this state. Notwithstanding Section 701, each insurer possessing a certificate of authority of indefinite term pursuant to that section shall owe and pay an annual fee of four hundred twenty-four dollars ($424), in advance, on account of that certificate until its final expiration.That fee shall be for annual periods commencing on July 1 of each year and ending on June 30 of each year and is due on each March 1 and is delinquent on and after each April 1.
Cite this article: FindLaw.com - California Code, Insurance Code - INS § 705 - last updated January 01, 2023 | https://codes.findlaw.com/ca/insurance-code/ins-sect-705.html
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