2017 Michigan Compiled Laws
Chapter 500 - Insurance Code of 1956
Act 218 of 1956 THE INSURANCE CODE OF 1956 (500.100 - 500.8302)
218-1956-2 CHAPTER 2 THE INSURANCE COMMISSIONER (500.200...500.251)
Section 500.240 Fees and charges; collection, payment, and disposition.
Sec. 240.
(1) The director shall collect, and the person affected shall pay to the director, 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) Until the effective date of the 2016 | |
| amendatory act that amended this subdivision, filing | |
| fee for annual statement of foreign and alien insurers, | |
| each year, subject to section 476a..................... | $ 25.00. |
| (c) Producer's appointment fee, resident or | |
| nonresident, payable by insurer or health maintenance | |
| organization so represented, for each producer, each | |
| year................................................... | $ 5.00. |
| (d) Application fee payable by each initial | |
| applicant for license as resident producer, nonresident | |
| producer, surplus lines producer, 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 | |
| producer, surplus lines producer, solicitor, counselor, or | |
| adjuster, each examination, not transferable or | |
| refundable............................................. | $ 10.00. |
| (i) Surplus lines producer license each year......... | $ 100.00. |
(2) An 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, $25.00.
(3) The fees and charges for official services performed by the director or the director's deputies or employees, when collected, must be turned over to the state treasurer and a receipt taken. The fees and charges provided for in this section must be deposited in the state treasury to the credit of the general fund.
(4) The examination fees described in subsection (1)(h) are applicable only if the examinations are administered by the director. If the examinations are administered by a designated authority other than the director, appropriate examination fees are 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 ;-- Am. 2016, Act 558, Eff. Apr. 10, 2017
Popular Name: Act 218
