(A) As used in this section, "biennial appointment fee" means a fee paid by the insurer on a biennial basis by September thirtieth of an even-numbered year. If an appointment fee is not paid by December thirtieth of an even-numbered year, the appointment must be canceled.
(B)
(1) Unless otherwise changed by order of the director, the following fees are applicable to producer licenses, agency licenses, and insurer appointments:
(b) special producer initial and biennial license and appointment fee: one hundred dollars; general producer initial and biennial appointment fee: one hundred dollars;
(c) agency license-initial and biennial license fee: forty dollars; limited lines biennial license and appointment fee: forty dollars.
(2) However, the license and appointment fee applicable to a producer of a common carrier who sells only transportation ticket policies on accident and health insurance or baggage insurance on personal effects is twenty dollars.
(C) At the time of licensure, the license fee for each applicable line of insurance must be paid in advance by the producer. The department shall promulgate regulations specifying the time and manner of payment of these fees. If payment is rejected by the bank, the producer has thirty days from the rejection date to pay the license fee. If payment is not made to the department within this period, the license must be canceled. To reinstate the license, the producer is required to pay a license fee plus any charges resulting from rejection by the bank.
(D) The fees provided for in subsection (B)(1)(a) are to be retained by the department as other funds for purposes of implementing and administering individual licensing requirements. All other license and appointment fees must be deposited into the general fund.
(E) A fee provided for in this section may be paid by credit card.