Section 500.240 - Fees and charges; collection, payment, and disposition.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.240 Fees and charges; collection, payment, and disposition.
Sec. 240.
(1) The commissioner shall collect, and the person affected shall pay to the commissioner, the following fees:
(a) Filing fee for original authorization to transact insurance or health maintenance organization business in this state, for each domestic, foreign, and alien insurer, and each health maintenance organization........................................... $ 25.00. (b) Filing fee for annual statement of foreign and alien insurers, each year, subject to section 476a..... $ 25.00. (c) Agent's appointment fee, resident or nonresident, payable by insurer or health maintenance organization so represented, for each agent, each year................................................... $ 5.00. (d) Application fee payable by each initial applicant for license as resident agent, nonresident agent, surplus lines agent, solicitor, counselor, or adjuster, not transferable or refundable............... $ 10.00. (e) Solicitor's license, each year................ $ 10.00. (f) Insurance counselor license, each year........ $ 10.00. (g) Adjuster's license, each year................. $ 5.00. (h) License examination fee, payable by applicant for all subjects covered in any 1 examination, or portion of an examination, for license as resident agent, surplus lines agent, solicitor, counselor, or adjuster, each examination, not transferable or refundable............................................. $ 10.00. (i) Surplus lines agent license each year......... $ 100.00.(2) Each incorporated domestic insurer shall pay to the attorney general, for the examination of the insurer's articles of incorporation or any amendments to the articles of incorporation, the sum of $25.00.
(3) The fees and charges for official services performed by the commissioner or the commissioner's deputies or employees, when collected, shall be turned over to the state treasurer and a receipt taken. The fees and charges provided for in this section shall be deposited in the state treasury to the credit of the general fund.
(4) The provisions of subsection (1)(h), insofar as they provide for examination fees, are applicable only if the examinations are administered by the commissioner. If the examinations are administered by some designated authority other than the commissioner, appropriate examination fees shall be payable directly to the designated authority.
History: 1956, Act 218, Eff. Jan. 1, 1957 ;-- Am. 1967, Act 221, Imd. Eff. July 10, 1967 ;-- Am. 1979, Act 181, Imd. Eff. Dec. 18, 1979 ;-- Am. 1981, Act 1, Imd. Eff. Mar. 30, 1981 ;-- Am. 1987, Act 261, Imd. Eff. Dec. 28, 1987 ;-- Am. 2000, Act 252, Imd. Eff. June 29, 2000
Popular Name: Act 218