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054.00.88-5. Title Insurance Agency Licensing Fees.

AR ADC 054.00.88-5Arkansas Administrative Code

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 88. Title Insurance Licensing and Appointment Fees
Ark. Admin. Code 054.00.88-5
054.00.88-5. Title Insurance Agency Licensing Fees.
Currentness
A. APPLICANTS FOR NEW, FIRST TIME $250 LICENSE
(1) Each new agency applicant for a first time license shall pay a nonrefundable TWO HUNDRED FIFTY DOLLAR ($250) fee for each and every original title insurance agency license.
(2) The fee of TWO HUNDRED FIFTY DOLLARS ($250) includes the Administrative and Regulatory Fee (“ARF”) of THIRTY-FIVE DOLLARS ($35) as referenced in Ark. Code Ann. § 23-61-706(b).
B. TITLE INSURANCE AGENCY $10 AFFILIATION FEE
(1) If a licensed individual title insurance agent is acting for a title insurance agency, the agency must add the individual to the agency license, and an affiliation form and fee must be submitted to the Department.
(2) The agency affiliation form, called a producer addition form, can be obtained from the Department website. The form and instructions are under the “Business Entity (Agency)” heading at: http://www.insurance.arkansas.gov/License/divpage.htm
C. TITLE INSURANCE AGENCY $10 TERMINATION OF AFFILIATION FEE
(1) If the affiliation of a title insurance agent with a title insurance agency will be terminated, a termination form and fee must be submitted to the Department.
(2) The agency affiliation termination form, called a producer termination form, can be obtained from the Department website. The form and instructions are under the “Business Entity (Agency)” heading at: http://www.insurance.arkansas.gov/License/div page.htm
D. ANNUAL RENEWAL FEES FOR TITLE $250 INSURANCE AGENCY LICENSES
(1) Each agency title insurance licensee shall pay a nonrefundable TWO HUNDRED FIFTY DOLLAR ($250) fee for each and every title insurance license renewal.
(2) The fee of TWO HUNDRED FIFTY DOLLARS ($250) includes the Administrative and Regulatory Fee (“ARF”) of THIRTY-FIVE DOLLARS ($35) as referenced in Ark. Code Ann. § 23-61-706(b).
(3) Late Renewal Penalty Fee $100
(4) Renewal deadlines for each title insurance agency license shall be October 1 of each year.
(5) For title insurance agency licenses in effect on December 31, 2007, the first title insurance agency license renewal will be January 31, 2008, with the next renewal date occurring October 1, 2009. Thereafter, the renewal will occur October 1 of each year.
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 054.00.88-5, AR ADC 054.00.88-5
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