Ala. Admin. Code r. 482-1-160-.03

Current through Register Vol. 43, No. 1, October 31, 2024

Section 482-1-160-.03 - Premium Finance Company Fees

The Commissioner of Insurance hereby sets the following fees as are declared necessary for the administration and enforcement of Chapter 40 of Title 27, Code of Ala. 1975, relating to the regulation of premium finance companies, adjusted according to Code of Ala. 1975, § 41-1-11:

(a) Annual license fee, generally............. $264.00

(b) Annual license fee, for an insurance agency which finances its own business of less than $150,000.00 in premiums annually ........................................... $66.00

Ala. Admin. Code r. 482-1-160-.03

Amended by Alabama Administrative Monthly Volume XXXIV, Issue No. 03, December 31, 2015, eff. 4/1/2016.

Amended by Alabama Administrative Monthly Volume XXXIX, Issue No. 09, June 30, 2021, eff. 6/20/2021.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-40-3, 27-40-7, Ala. Act No. 2015-441.