(a) The purpose of this part is to implement and clarify the pertinent fee provisions of:
- (1) Acts 1993, No. 652, the State Insurance Department Trust Fund Act, codified at Arkansas Code § 23-61-701 et seq.;
- (2) Acts 1993, No. 901, the State Insurance Department Omnibus Act;
- (3) Acts 1993, No. 787, the Life Care Providers Act, codified at Arkansas Code § 23-93-201 et seq.; and
- (4) Others.
(b)
- (1) This part is designed to specify the amount, method, and manner of payment of nonrefundable administrative and regulatory fees of insurers, agents, and other licensees or registrants, as well as other filing fees for various State Insurance Department products and services, all of which are payable to "The State Insurance Department Trust Fund".
- (2) It is also to emphasize that fees charged under current laws are not affected, diminished, or altered by the provisions of this part.
- (c) As appropriate, and to the extent fees are charged under other Arkansas laws for the same product, process, or service as to which a fee is to be paid pursuant to the acts referenced herein and this part, this part is to provide for the payment of all of such fees in a coordinated, consistent manner.