Cal. Ins. Code § 705

Current through the 2023 Legislative Session.
Section 705 - Fee for filing application for amendment; annual fee for processing certificate of indefinite term

The commissioner shall require the payment of one hundred thirty-six dollars ($136), in advance, as a fee for filing an application for each amendment of a certificate of authority authorizing any insurer to transact business in this state. Notwithstanding Section 701, each insurer possessing a certificate of authority of indefinite term pursuant to that section shall owe and pay an annual fee of four hundred twenty-four dollars ($424), in advance, on account of that certificate until its final expiration. That fee shall be for annual periods commencing on July 1 of each year and ending on June 30 of each year and is due on each March 1 and is delinquent on and after each April 1.

Ca. Ins. Code § 705

Amended by Stats 2017 ch 534 (AB 1699),s 4, eff. 1/1/2018.