Mich. Comp. Laws § 500.240

Current through Public Act 57 of the 2024 Legislative Session

Section 500.240 - Fees and charges; collection, payment, and disposition

(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.

MCL 500.240

Amended by 2016, Act 558,s 1, eff. 4/10/2017.

1956, Act 218, Eff. 1/1/1957 ;--Am. 1967, Act 221, Imd. Eff. 7/10/1967 ;--Am. 1979, Act 181, Imd. Eff. 12/18/1979 ;--Am. 1981, Act 1, Imd. Eff. 3/30/1981 ;--Am. 1987, Act 261, Imd. Eff. 12/28/1987 ;--Am. 2000, Act 252, Imd. Eff. 6/29/2000.