1. (a) The assessment fee imposed on insurers under this subtitle is in lieu of any life insurance valuation fees and a reduction in specified insurance producer fees that the Commissioner had previously charged and collected under § 2-112 of this title.
2. (b) In determining adjusted premiums subject to the assessment fee, the Commissioner may use the premiums as stated in the report required under § 2-506(a) of this subtitle.

Added by Acts 1998, c. 774, § 3, eff. April 1, 1999. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001.