Section 500.7012 - Fees; payment and collection; service of process; designation and purpose of fees.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.7012 Fees; payment and collection; service of process; designation and purpose of fees.
Sec. 7012.
(1) The commissioner shall collect, and the persons affected shall pay to the commissioner, the following fees:
(a) Filing fee to accompany application for certificate of authority........................ $ 200.00. (b) Certificate of authority................... $ 25.00. (c) Filing fee for annual statement each year.. $ 25.00.(2) Each MEWA shall appoint the commissioner as its resident agent for purposes of service of process. The fee for such service shall be in the amount of $5.00, payable at the time of service.
(3) Fees paid under this section shall be designated for the insurance bureau to cover the additional costs incurred as a result of this chapter.
History: Add. 1986, Act 121, Eff. July 1, 1986
Popular Name: Act 218