(a) Fees due on or before June 1 of each calendar year.

1. (1)

   1. (A) All insurers are required by Arkansas Code § 23-61-703(a)(1) and by this part to forward to the State Insurance Department the nonrefundable administrative and financial regulation fee, payable to “The State Insurance Department Trust Fund”, based upon the insurer's direct written premiums or annuity considerations, both new and renewal, written in the State of Arkansas during the previous calendar year, as evidenced on the Annual Statement Schedule T page.
   2. (B) For life, accident, and health companies this would include the total amount from "Total Columns 2 through 5" on the Schedule T.
   3. (C) For property and casualty companies this would be the total from column "Direct Premiums Written".
2. (2) The fees are to be determined and paid in accordance with the following schedule:

   ARKANSAS PREMIUMS	REG FEE	ARKANSAS PREMIUMS	REG FEE
   $0	$ 500	$10,000,000-19,999,999	$10,000
   01-499,999	750	20,000,000-29,999,999	12,000
   500,000-2,499,999	1,000	30,000,000-49,999,999	15,000
   2,500,000-4,999,999	2,500	50,000,000-74,999,999	17,500
   5,000,000-7,499,999	5,000	75,000,000-99,999,999	20,000
   7,500,000-9,999,999	7,500	100,000,000 and up	25,000

(b) Manner and method of payment.

1. (1) The amount of the fee shall be reported on a form prescribed by the Insurance Commissioner, and the form and the assessment payment shall be tendered to the State Insurance Department using the OPTins (Online Premium Tax for Insurance) system.

2. (2)

   1. (A) No other required fees, licensure fees, fines, or taxes shall accompany the filing and payment of these fees and any penalties required under this part.
   2. (B) However, if by error any other fees, fines, or taxes accompany or are included with this fee payment, the unrelated payment or payments shall be deposited pursuant to the other applicable law or rule.

(e) Domestic insurers’ credits for fees paid in other jurisdictions.

1. (1) Pursuant to Arkansas Code § 23-63-116, insurers domiciled in Arkansas are entitled to list as a credit against their Arkansas premium taxes the retaliatory amount of fees paid in other states of licensure because of this state’s imposition of the administrative and financial regulation fee under this part.
2. (2) For fees paid for a calendar year, a credit may be taken on the insurer's annual premium tax report due March 1 the following calendar year.
3. (3) In no event shall any such credits be allowed against quarterly estimated premium tax payments or referenced in such reports.

(f) Fees in lieu of examiners’ compensation.

1. (1)

   1. (A) As to department examinations of insurers, after an insurer has paid the fee imposed by this part, proof of its payment of the fee in department records shall be evidence of its payment in lieu of insurers' remittance of examiners' salaries, wages, or compensation during or after a department examination.
   2. (B) The examiners' salaries, wages, or compensation shall be due and payable as to any examination of any insurer that has not paid its fee imposed by this part.

2. (2)

   1. (A) This provision shall be in addition to any other section providing a remedy for nonpayment or noncompliance available to the commissioner under this part.
   2. (B) Any insurer undergoing department examination shall continue to be liable for the payment of and shall pay the examiners' reasonable expenses for food, lodging, and travel pursuant to Arkansas Code § 23-61-201 et seq., regardless of payment or nonpayment of the fee or any penalties imposed under this part.