1. (a) The Commissioner of Insurance shall collect in advance the following fees:

   1. (1) Title insurance agent licenses:

      1. a. Individuals:

         1. 1. Application fee (for filing of initial application for license) ..............................$20
         2. 2. License fee (for issuance of original license and each biennial renewal) .....................$40

      2. b. Business entities:

         1. 1. Application fee (for filing of initial application for license) .............................$20
         2. 2. License fee (for original license and each biennial renewal) ................................$100
      3. c. Examination fee, an amount set by the commissioner not to exceed........................$100
      4. d. Late renewal fee, to be paid by each title insurance agent failing to make a timely renewal of license.............$50

   2. (2) Title insurance agent appointment fee:

      1. a. Filing notice of appointment ...........................................$30
      2. b. Annual continuation of appointment ................................$10
   3. (3) Prelicensing course provider fee (for filing initial application for authority and annual renewal) an amount set by the commissioner not to exceed ........$100
2. (b) The fees specified in subsection (a) shall be deposited in the State Treasury and credited to the Insurance Department Fund.

(Act 2012-397, p. 1078, §2.)