(a) The fees required for filing an application for authority to conduct insurance business are as follows:

1. (1) Filing and review of each application, two hundred dollars ($200);
2. (2) License, when issued, three hundred dollars ($300);
3. (3) Annual license renewal, three hundred dollars ($300); and
4. (4) Actuary review of application, equal to cost to the State Insurance Department.

(b) All fees imposed pursuant to this part shall be:

1. (1) Due and payable to the "State Insurance Department Trust Fund"; and

2. (2) Payable by:

   1. (A) Company check;
   2. (B) Personal, certified, or cashier's checks;
   3. (C) Cash; or
   4. (D) Money orders.