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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 15. (a) Except as provided in subsections (f) and (h), the commissioner shall collect the following filing fees:
|
|
Document |
Fee |
|---|---|---|
|
|
Articles of incorporation |
$ 350 |
|
Amendment of articles of incorporation |
$ 10 |
|
|
Filing of annual statement and consolidated statement |
$ 100 |
|
|
Annual renewal of company license fee |
$ 50 |
|
|
Withdrawal of certificate of authority |
$ 25 |
|
|
Certified statement of condition |
$ 5 |
|
|
Any other document required to be filed by this article |
$ 25 |
The commissioner shall deposit fees collected under this subsection into the department of insurance fund established by section 28 of this chapter.
(b) The commissioner shall collect a fee of ten dollars ($10) each time process is served on the commissioner under this title.
(c) The commissioner shall collect the following fees for copying and certifying the copy of any filed document relating to a domestic or foreign corporation:
|
|
Per page for copying |
As determined by the commissioner but not to exceed actual cost |
|
For the certificate |
$10 |
(d) Each domestic and foreign insurer and each health maintenance organization shall remit annually to the commissioner for deposit into the department of insurance fund established by section 28 of this chapter one thousand dollars ($1,000) as an internal audit fee. All assessment insurers, farm mutuals, and fraternal benefit societies shall remit to the commissioner for deposit into the department of insurance fund two hundred fifty dollars ($250) annually as an internal audit fee.
(e) Beginning July 1, 1994, each insurer shall remit to the commissioner for deposit into the department of insurance fund established by section 28 of this chapter a fee of thirty-five dollars ($35) for each policy, rider, rule, rate, or endorsement filed with the state, including subsequent filings. Except as provided in subsection (f), each policy, rider, rule, rate, or endorsement that is filed as part of a particular product filing or in association with a particular product filing is an individual filing subject to the fee under this subsection. However, the total amount of fees paid under this subsection by each insurer for a particular product filing may not exceed one thousand dollars ($1,000).
(f) Beginning July 1, 2009, a policy, rider, rule, rate, or endorsement that is filed as part of a particular product filing or in association with a particular product filing for a commercial product described in:
(1) Class 2(b), Class 2(c), Class 2(d), Class 2(e), Class 2(f), Class 2(g), Class 2(h), Class 2(i), Class 2(j), Class 2(k), Class 2(l), or Class 2(m) of IC 27-1-5-1; or
(2) Class 3 of IC 27-1-5-1;
is considered to be part of a single filing for which the insurer is subject only to one (1) thirty-five dollar ($35) fee under subsection (e).
(g) The commissioner shall pay into the state general fund by the end of each calendar month the amounts collected during that month under subsections (b) and (c).
(h) The commissioner may not collect fees for quarterly statements filed under IC 27-1-20-33.
(i) The commissioner may adopt rules under IC 4-22-2 to provide for the accrual and quarterly billing of fees under this section.
Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-1-3-15 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-1-3-15/
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 before relying on it for your legal needs.
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