(a) Applicants for new, first-time license, two hundred fifty dollars ($250).

1. (1) Each new agency applicant for a first-time license shall pay a nonrefundable two hundred fifty-dollar fee for each and every original title insurance agency license.
2. (2) The fee of two hundred fifty dollars ($250) includes the administrative and regulatory fee of thirty-five dollars ($35.00), as referenced in Arkansas Code § 23-61-706(b).

(b) Title insurance agency affiliation fee, ten dollars ($10.00).

1. (1) If a licensed individual title insurance agent is acting for a title insurance agency, the agency must add the individual to the agency license, and an affiliation form and fee must be submitted to the department.

2. (2)

   1. (A) The agency affiliation form, called a producer addition form, can be obtained from the department’s website.
   2. (B) The form and instructions are under the “Business Entity (Agency)” heading at https://www.insurance.arkansas.gov/industry-regulation/licensing/.

(c) Title agency termination of affiliation fee, ten dollars ($10.00).

1. (1) If the affiliation of a title insurance agent with a title insurance agency will be terminated, a termination form and fee must be submitted to the department.

2. (2)

   1. (A) The agency affiliation termination form, called a producer termination form, can be obtained from the department’s website.
   2. (B) The form and instructions are under the “Business Entity (Agency)” heading at https://www.insurance.arkansas.gov/industry-regulation/licensing/.

(d) Annual renewal fees for title insurance agency licenses, two hundred fifty dollars ($250).

1. (1) Each agency title insurance licensee shall pay a nonrefundable two hundred fifty-dollar fee for each and every title insurance license renewal.
2. (2) The fee of two hundred fifty dollars ($250) includes the administrative and regulatory fee of thirty-five dollars ($35.00), as referenced in Arkansas Code § 23-61-706(b).
3. (3) Late renewal penalty fee, one hundred dollars ($100).
4. (4) Renewal deadlines for each title insurance agency license shall be October 1 of each year.

5. (5)

   1. (A) For title insurance agency licenses in effect on December 31, 2007, the first title insurance agency license renewal will be January 31, 2008, with the next renewal date occurring October 1, 2009.
   2. (B) Thereafter, the renewal will occur October 1 of each year.