LD 1522
pg. 1
LD 1522 Title Page An Act To Establish Fee Caps under the Maine Insurance Code Page 2 of 6
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LR 1920
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 24-A MRSA §601, as amended by PL 2001, c. 47, §1, is
further amended to read:

 
§601. Fee schedule

 
The superintendent shall collect, and persons so served shall
pay to the superintendent, the fees, licenses and miscellaneous
charges as follows set forth in this section. The superintendent
may adopt rules establishing the fees and charges in different
amounts from those specified under this section, except that the
amount of any such fee or charge may not exceed the cap
established in this section.__In the absence of such rules, the
maximum amounts set forth in this section apply.__Rules adopted
pursuant to this section are routine technical rules as defined
in Title 5, chapter 375, subchapter 2-A.

 
1. Certificate of authority. Insurer's certificate of
authority fees are may not exceed:

 
A. For filing application for initial certificate of
authority, including all documents submitted as part of the
application. If an applicant requests deferral and new data
filings respecting the application are required, a fee in
equal amount is required upon the filing of the new

 
information$1,000;

 
B. Issuance, and each annual continuation$100;

 
and

 
C. Reinstatement, under section 415$350;

 
2. Charter documents, other than those filed with application
for certificate of authority. The fee: for filing by an insurer
for a reservation of a name; in addition to any other fee, a late
filing of any information required to be filed by a licensee;
registration of a branch location; and filing any amendment to
certificate of organization, articles or certificate of
incorporation, charter, bylaws, power of attorney, as to
reciprocal insurers, and other constitutent documents of the
insurer is may not exceed$25;

 
3. Annual statement. Filing annual statement of insurer,
payable annually may not exceed$100;

 
5. Producers. Producers' license and appointment fees are
may not exceed:

 
A. Issuance fee for original resident

 
producer license, including limited

 
license$30;


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