2006 Louisiana Laws - RS 22:1078 — Fees

§1078.  Fees

The following fees and licenses shall be collected in advance:

A.  By the secretary of state, the fee for filing the power of attorney.

B.  By the commissioner of insurance:

(1)

Certificates of authority, insurer, and rating

organization, initial certificate

$

2,500.00

(2)

For filing annual statement of insurer

$

100.00

(3)

For producers' licenses:

(a)

Life, health, and accident producer;

variable annuity producer

First time applicant

$

75.00

Additional or renewal company

appointment (yearly)

$

20.00

Producer renewal fee (every 2 years)

$

50.00

(b)

Property and casualty producer:

First time applicant

$

75.00

Additional or renewal company

appointment (yearly)

$

20.00

Producer renewal fee

(every 2 years)

$

50.00

(c)

Limited lines producer

First time applicant

$

75.00

Each additional line of authority

$

35.00

Additional or renewal company

appointment (yearly)

$

20.00

Renewal fee (every 2 years)

$

50.00

(d)

Limited lines credit insurance producer

First time applicant

$

75.00

Additional or renewal company

appointment (yearly)

$

20.00

Renewal fee (every 2 years)

$

50.00

(e)

Surplus lines broker

First time applicant

$

250.00

Renewal fee (yearly)

$

175.00

(f)

Fee for failure to file producer

license renewal timely (per license)

$

50.00

(g)

Fee for duplicate producer license

$

15.00

(4)

For certified copies of any documents, per page

$

3.00

(5)

Initial examination of insurance companies

$

500.00

(6)

For Securities Fees

Registration of Securities-Minimum

$

25.00

Registration of Securities-Maximum

$

200.00

(1/20 of 1% of the aggregate price)

Registration of Dealer

$

50.00

Registration of Salesman

$

10.00

(7)

Repealed by Acts 2001, No. 460, §2, eff. Jan. 1, 2002.

(8)

For filing a charter, other documents, and

amendments thereto, per page

$

2.00

(9)

For each company filing of

self-insured health and accident

insurance policy forms, per product

$

100.00

(10)

(a)

For each company filing of property

and casualty insurance policy forms,

per product

$

100.00

(b)

For each company filing to adopt a

reference or item filing of advisory

organization's form reference filing

(not applicable to service purchasers,

who must file the actual forms as

shown above)

$

20.00

(c)

For each company filing of property

and casualty insurance policy

endorsements, amendments, or riders

$

25.00

(11)

(a)

For each company filing of life,

health, and accident insurance policy

forms or health maintenance

organization subscriber agreements,

per product

$

100.00

(b)

For each company filing of Medicare

supplement insurance premium rates,

rating schedule, and supporting

documentation, per type of standard

benefit plan

$

100.00

(c)

For each company filing of Medicare

supplement insurance advertisements,

per submission

$

100.00

(12)

For certification of a self-insured worker's

compensation insurance program, an

initial certification fee

$

1,500.00

(13)

For review of a self-insured worker's

compensation insurance program, an

annual review fee

$

300.00

(14)

Managing general agents

(a)

Initial registration

$

300.00

(b)

Annual registration

$

300.00

(c)

Insurer's initial notice of appointment

$

300.00

(d)

Insurer's annual notice of appointment

$

300.00

(15)

Third party administrators

(a)

Licensing fee

$

500.00

(b)

Annual report filing fee

$

300.00

(16)

Fee to accompany the statement required

in an acquisition of control or merger

with a domestic insurer

$

2,500.00

(17)

Approval of foreign or alien surplus

lines insurers

$

1,050.00

(18)

(a)

Registration of a risk purchasing group

$

100.00

(b)

Annual renewal of registration for a

risk purchasing group

$

50.00

(19)  For viatical settlement licenses:

(a)  Viatical settlement broker:

First time applicant

$

50.00

Annual renewal

$

50.00

(b)  Viatical settlement investment agent:

First time applicant

$

50.00

Annual renewal

$

50.00

(c)  Viatical settlement provider

First time applicant

$

1,000.00

(20)  For filing viatical settlement contracts,

disclosure notices, and advertising

materials, per filing:

$

100.00

(21)  For the initial registration of a risk retention group

$

1,000.00

(22)

For acceptance of service of process when

the commissioner is appointed as agent

for a nonresident licensee or a foreign or

alien entity

$

25.00

(23)

For claims adjuster licenses and registrations:

(a)

Business entity

First time applicant

$

55.00

Renewal fee (every two years)

$

50.00

(b)

Resident and nonresident

First time applicant

$

55.00

Renewal fee (every two years)

$

50.00

(c)

Catastrophe and emergency

claims adjuster

$

25.00

(24)

For public adjuster licenses:

(a)

Business entity

First time applicant

$

55.00

Renewal fee (every two years)

$

50.00

(b)

Resident and nonresident

First time applicant

$

55.00

Renewal fee (every two years)

$

50.00

C.  The commissioner of insurance is authorized to withhold the funds collected under Paragraph (6) of Subsection 3 of this Section.

D.  The commissioner of insurance is authorized to withhold the funds collected under Paragraphs (1) and (2) of Subsection B of this Section to defray the cost of printing and mailing of the annual reports and premium tax forms as required by R.S. 22:1451 and R.S. 22:1070 subject to all annual budgetary requirements of the state of Louisiana.

E.  The fees stated herein shall supersede any statement of fees in any individual section of the Code.

F.  However, any Louisiana domestic insurer owned exclusively by Louisiana residents or by a corporation that is owned exclusively by Louisiana residents shall be exempt from paying fees provided for under Subparagraphs (B)(3)(a) and (b)(i) of this Section, only as it relates to additional or renewal company appointment (yearly).  Each insurer applying for exemption of fees, under this Section, shall file with the Louisiana Department of Insurance a notarized affidavit certifying the ownership of the insurer as being owned exclusively by Louisiana residents or by a corporation that is owned exclusively by Louisiana residents.

G.  The commissioner may, after notice and hearing, promulgate such rules and regulations as may be necessary and proper to carry out the provisions of this Section.  Such rules and regulations shall be promulgated and adopted in accordance with the Administrative Procedure Act.

Acts 1958, No. 125.  Amended by Acts 1960, No. 391, §1; Acts 1970, No. 106, §1; Acts 1981, No. 663, §1; Acts 1983, 1st Ex. Sess., No. 25, §1, eff. Mar. 1, 1983; Acts 1983, 1st Ex. Sess., No. 18, §1, eff. Mar. 18, 1983; Acts 1992, No. 381, §1; Acts 1992, No. 1135, §1; Acts 1993, No. 295, §1; Acts 1999, No. 299, §1, eff. June 11, 1999; Acts 1999, No. 342, §6, eff. July 12, 1999; Acts 1999, No. 912, §1, eff. Jan. 1, 2000; Acts 1999, No. 1312, §5, eff. July 1, 2000; Acts 2001, No. 460, §§1 and 2, eff. Jan. 1, 2002; Acts 2002, 1st Ex. Sess., No. 87, §1; Acts 2003, No. 343, §1; Acts 2004, No. 376, §1; Acts 2006, No. 385, §1, eff. June 15, 2006; Acts 2006, No. 762, §1, eff. June 30, 2006; Acts 2006, No. 763, §1, eff. June 30, 2006.