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054.00.57-4. Derivation and Classes of Fees.

AR ADC 054.00.57-4Arkansas Administrative CodeEffective: January 6, 2019

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 57. Insurance Department Administrative and Regulatory Fees
Effective: January 6, 2019
Ark. Admin. Code 054.00.57-4
054.00.57-4. Derivation and Classes of Fees.
(a) Ark. Code Ann. §§ 23-61-701 et seq. provides the Department's authority to generate revenue to support its operations by the imposition of fees; it also divides certain of those fees into two categories, i.e. Category A and Category B. Fees in Category A are those involving material or substantive corporate transactions or those which consume substantial time of Department staff; those fees are capped at a maximum of $1,500 per transaction. Category B fees, on the other hand, are those involving other Departmental filings, transactions or services which do not require a substantial effort by Department staff; those fees are capped at a maximum of $50 per transaction.
(b) Caution: §§ 23-61-701 et seq. and other acts/statutes referenced above, authorize the imposition of other fees set forth in the Rule and Regulation and which are not subject to the respective Category A and Category B “caps”.

Credits

Amended Nov. 23, 2009; April 11, 2016; Jan. 6, 2019.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.57-4, AR ADC 054.00.57-4
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