The Commissioner of Insurance hereby sets the following fees as are declared necessary for the administration and enforcement of Chapter 40 of Title 27, Code of Ala. 1975, relating to the regulation of premium finance companies, adjusted according to Code of Ala. 1975, §41-1-11:

1. (a) Annual license fee, generally.................... $264.00
2. (b) Annual license fee, for an insurance agency which finances its own business of less than $150,000.00 in premiums annually .................................... $66.00

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§27-2-17, 27-40-3, 27-40-7, Ala. Act No. 2015-441.

History: New Rule: December 8, 2015; effective April 1, 2016. Filed with LRS December 8, 2015. Rule is not subject to the Alabama Administrative Procedure Act. Amended: June 10, 2021; effective June 20, 2021. Filed with LRS June 10, 2021. Rule is not subject to the Alabama Administrative Procedure Act.