R590-102-5. Admitted Insurer and Prescription Drug Plan Fees

  (1) Annual license fees:

  (a) certificate of authority, initial license application - due with license application: $1,000;

  (b) certificate of authority - renewal - due by the due date on the invoice: $300;

  (c) certificate of authority - late renewal - due for any renewal paid after the date on the invoice: $350;

  (d) certificate of authority - reinstatement - due with application for reinstatement: $1,000.

  (2) Other license fees:

  (a) certificate of authority - amendments - due with request for amendment: $250;

  (b)(i) Form A - application for merger, acquisition, or change of control, due with filing: $2,000.

  (ii) Expenses incurred for consultant services necessary to evaluate a Form A will be charged to the applicant and due by the due date on the invoice;

  (c) redomestication filing - due with filing: $2,000; and

  (d) application for organizational permit for mutual insurer to solicit applications for qualifying insurance policies or subscriptions for mutual bonds or contribution notes - due with application: $1,000.

  (3) The annual initial or annual renewal license fee includes the following licensing services for which no additional fee is required:

  (a) filing annual statement and report of Utah business - due annually on March 1;

  (b) filing holding company registration statement - Form B;

  (c) filing application for material transactions between affiliated companies - Form D;

  (d) application for: stock solicitation permit, public offering filing, but not an SEC filing; an SEC filing; private placement offering; and

  (e) application for individual license to solicit in accordance with the stock solicitation permit.

  (4) Annual service fee:

  (a) Due annually by the due date on the invoice.

  (b) A prescription drug plan is exempted from payment of a service fee.

  (c) The fee is based on the Utah premium as shown in the latest annual statement on file with the National Association of Insurance Commissioners and the department. Fee calculation example: the 2004 annual service fee calculation will use the Utah premium shown in the December 31, 2003 annual statement.

  (d) Fee schedule:

  (i) $0 premium volume: no service fee;

  (ii) more than $zero but less than $1 million in premium volume: $700;

  (iii) $1 million but less than $3 million in premium volume: $1,100;

  (iv) $3 million but less than $6 million in premium volume: $1,550;

  (v) $6 million but less than $11 million in premium volume: $2,100;

  (vi) $11 million but less than $15 million in premium volume: $2,750;

  (vii) $15 million but less than $20 million in premium volume: $3,500; and

  (viii) $20 million or more in premium volume: $4,350.

  (e) The annual service fee includes the following services for which no additional fee is required:

  (i) filing of amendments to articles of incorporation, charter, or bylaws;

  (ii) filing of power of attorney;

  (iii) filing of registered agent;

  (iv) affixing commissioner's seal and certifying any paper;

  (v) filing of authorization to appoint and remove agents;

  (vi) filing of producer/agency appointment with an insurer - initial;

  (vii) filing of producer/agency appointment with an insurer - termination;

  (viii) report filing, all lines of insurance;

  (ix) rate filing, all lines of insurance; and

  (x) form filing, all lines of insurance.

  (f) The annual service fee is for services that the department will provide for an admitted insurer during the year. The fee is paid in advance of providing the services.

  (5) Other fees:

  (a) e-commerce fee: see R590-102-22; and

  (b) insurer examination costs reimbursements from examined insurers - due by due date on the invoice: actual costs plus overhead expense.