R592-9-3. Establishing Assessment Amounts

  (1) Prior to July 1 of each year, the Commission shall establish the assessment amounts for:

  (a) an initial producer license for an individual title insurance producer applicant;

  (b) a renewal license for a licensed individual title insurance producer;

  (c) an initial agency license for a title insurance agency applicant; and

  (d) an annual assessment for a licensed agency title insurance producer.

  (2) Annual licensed agency title insurance producer assessment amounts shall be established for the following four premium bands of title insurance premiums:

  (a) Band A: $0 to $1 million;

  (b) Band B: more than $1 million to $10 million;

  (c) Band C: more than $10 million to $20 million; and

  (d) Band D: more than $20 million.

  (3) The individual title insurance producer and agency title insurance producer assessment amounts shall be adopted by motion of the Commission.

  (4) The adopted assessment amounts shall be posted on the Insurance Department's web page.