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054.00.35-7. FEES

AR ADC 054.00.35-7Arkansas Administrative Code

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 35. Agent License for Health Maintenance Organizations
Ark. Admin. Code 054.00.35-7
054.00.35-7. FEES
Currentness
a. Licensure Fees Payable by APPLICANT ONLY for Resident Agent/Agency License:
1. There shall be a Thirty Dollar ($30.00) examination fee paid to the Commissioner prior to examination of resident individuals, and a $30.00 retake fee.
2. There shall be a Thirty-Five Dollar ($35.00) regulatory fee (ALF fee per Rule 57) for each issuance/annual renewal of each resident and non-resident agent and agency license.
If Commissioner contracts for these services, then the amount and method of payment and due date of fees may be determined by the Vendor, subject to Rule 57 or § 23-61-401.
b. Licensure Fees Payable by the HEALTH MAINTENANCE ORGANIZATION on behalf of an Applicant for Agent/Agency License:
1. There shall be a Sixty Dollar ($60.00) initial/annual fee amount paid to the Commissioner for the initial/annual renewal appointment of an INDIVIDUAL NONRESIDENT agent's license.
2. There shall be a Sixty Dollar ($60.00) initial/annual fee amount paid to the Commissioner for the initial/renewal appointment of a CORPORATE OR LIMITED LIABILITY COMPANY OR PARTNERSHIP AGENCY license from a NONRESIDENT.
3. There shall be a Twenty Dollar ($20.00) initial/annual fee amount paid to the Commissioner for the initial/renewal appointment of an INDIVIDUAL RESIDENT agent's license.
4. There shall be a Twenty Dollar ($20.00) initial/annual fee amount paid to the Commissioner for the initial/renewal appointment of a CORPORATE OR LIMITED LIABILITY COMPANY OR PARTNERSHIP AGENCY license from a RESIDENT.
c. There shall be a Ten Dollar ($10.00) fee paid to the Commissioner to cancel, or otherwise terminate an appointment on any RESIDENT or NONRESIDENT AGENT or AGENCY license by either the agent, agency or HMO, per appointment.
d. All fees shall be remitted to the Agent License Division of the Department, and shall be payable to “The State Insurance Department Trust Fund” with a check or money order from the Agent or Agency or HMO as required by and appropriate with the Commissioner's Rule 57, except for payments to Vendors as permitted by the Commissioner.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.35-7, AR ADC 054.00.35-7
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