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054.00.88-4. Title Insurance Agent Licensing Fees.

AR ADC 054.00.88-4Arkansas Administrative Code

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 88. Title Insurance Licensing and Appointment Fees
Ark. Admin. Code 054.00.88-4
054.00.88-4. Title Insurance Agent Licensing Fees.
Currentness
A. APPLICANTS FOR NEW, FIRST TIME AGENT LICENSE
(1) Administrative and Regulatory Fee $35
(a) Each new title insurance agent applicant for a first time license shall pay a nonrefundable THIRTY-FIVE DOLLAR ($35) Administrative and Regulatory Fee (“ARF”) for each and every original title insurance license as referenced in Ark. Code Ann. § 23-61-706(b).
(b) Such fees shall be payable to “The State Insurance Department Trust Fund”.
(2) Background Check Fee $22
(a) Each new title insurance agent applicant for a first time license shall pay a nonrefundable TWENTY-TWO DOLLAR ($22) fee for the ASP-122 Background Check.
(b) Such fees shall be payable separately to “The State Insurance Department Trust Fund” and must be attached to the ASP-122 form. Payment for the ASP-122 cannot be in the form of a personal check.
(3) Examination Fees
(a) Examination fees will be determined by the examination provider and such fees will be paid directly to the provider.
(b) Examination provider information will be available on the Department website at: http://www.insurance.arkansas.gov/License/divpage.htm
B. ANNUAL RENEWAL FEES FOR TITLE INSURANCE AGENT LICENSES
(1) Administrative and Regulatory Fee $35
(a) Each title insurance agent licensee shall pay a nonrefundable THIRTY-FIVE DOLLAR ($35) fee for each and every title insurance agent license renewal.
(b) Such fees shall be payable to “The State Insurance Department Trust Fund”.
(2) Continuing Education Filing Fee $10
(a) Each title insurance agent, upon renewal, shall pay a nonrefundable TEN DOLLAR ($10) Continuing Education Filing Fee.
(b) Such fees shall be payable to “The State Insurance Department Trust Fund”.
(c) Failure to obtain or report educational requirements along with the fee imposed annually to the Commissioner on or before the birthday of the licensee shall result in the fines contained in Ark. Code Ann. § 23-64-304(d).
(3) Late Renewal Penalty Fee $105
(4) Renewal will be on or before the title insurance agent's birthday, after the year of issue.
(5) For title insurance agent licenses in effect on December 31, 2007, the first title insurance agent license renewal will be due January 31, 2008. The first renewal based on the licensee's birthday will start January 1, 2009.
C. CERTIFICATION OF LICENSE FEE $10
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.88-4, AR ADC 054.00.88-4
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