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§ 49. Fees

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 1. Insurance Department (Refs & Annos)
Article II. Insurance Department (Refs & Annos)
40 P.S. § 49
§ 49. Fees
The Insurance Commissioner shall charge and collect fees as follows: For valuation of life insurance policies, not exceeding one cent for each thousand dollars of insurance valued, but in no case shall the minimum fee be less than ten dollars ($10); for filing copy of charter of a domestic, foreign or alien company, association or exchange, in addition to any fee for filing such charter with the Department of State, twenty-five dollars; for the filing of an annual or other statement, forty dollars; for license to company, association, or exchange, or certified copy, or duplicate thereof, five dollars; for license to a rating organization the fee prescribed by the act of Assembly creating such rating organization; for each listing for written examination of an applicant for license as an agent, broker, public adjuster or public adjuster's solicitor, ten dollars; for each applicant for such licenses who has qualified by previous examination, an application fee of five dollars; for license as insurance broker, twenty dollars for an individual, and for each license in the name of a copartnership or corporation, twenty-five dollars, and for each license in the name of qualified individual active members or officers of a copartnership or corporation, twenty-five dollars; for agents' license for each domestic or foreign company, association and exchange for either (i) life and/or accident and health lines, or (ii) fire and/or casualty lines, or (iii) title insurance lines, regardless of the number of powers, excepting variable annuities, for which licensed, five dollars. All of the said brokers' and agents' license fees shall be paid in full at time of issuance of license and shall not be apportioned pro ratably over the initial license period. For each copy of any paper filed in the department, twenty-five cents per page and two dollars for certifying the same; for any other certificate required, two dollars; for making examinations, the expense of the examination, for filing and reviewing agreements of merger of domestic, foreign and alien companies, fifty dollars for the first two companies involved and ten dollars for each additional company; for filing and review of a plan of conversion from a mutual company to a stock company, or for filing and review of a plan of conversion from a stock company to a mutual company, two hundred dollars; for filing and review of terms and conditions of proposed exchange of shares of stock, two hundred dollars; for filing and review of statements, information and material in connection with a proposed acquisition or offer to acquire the capital stock of a domestic insurance company or insurance holding company, two hundred dollars; for filing and review of registration statement by an insurer which is a member of an insurance holding company system, two hundred dollars; and for filing each amendment to registration statement, fifty dollars; for issuing a certificate of compliance, deposit or surety, or any other certificate required to be issued by the department, five dollars for each certificate; for filing and review of qualification of an insurer to issue variable annuities, one hundred dollars; for certification of an agent's or broker's license, or for duplicate or replacement licenses, five dollars; for any other certificate issued by the division of agents and brokers, five dollars; for each renewal of license as an individual agent, copartnership or corporation, five dollars; and for each additional variable annuity power in such license, five dollars. All fees collected shall be paid daily into the State Treasury.

Credits

1921, May 17, P.L. 789, art. II, § 211. Amended 1927, April 7, P.L. 161, No. 128, § 1; 1937, May 28, P.L. 936, § 1; 1947, June 5, P.L. 439, § 2; 1947, June 20, P.L. 648, § 1; 1955, Dec. 9, P.L. 813, § 1; 1959, June 1, P.L. 347, § 1; 1974, June 17, P.L. 341, No. 110, § 2, imd. effective.
40 P.S. § 49, PA ST 40 P.S. § 49
Current through Act 92 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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