Current through December 3, 2024
Section 230-RICR-20-45-6.8 - FeesA. At the time of application for implementation of an Insurance Business Transfer Plan, the Applicant shall pay a nonrefundable fee to the Department in the amount of $5,000 or such lesser amount as the Department shall deem adequate.B. At the time of application for implementation of a Commutation Plan, the Applicant shall pay a nonrefundable fee to the Department in the amount of $10,000 or such lesser amount as the Department shall deem adequate.C. The applicant shall pay the expenses of the Department and its consultants as set forth in R.I. Gen. Laws § 27-14.5-5(b)(2)(i).D. The Applicant shall pay the costs of regulatory administration of the Commutation Plan as assessed by the Department pursuant to R.I. Gen. Laws § 27-14.5-5(b).E. Failure to pay any of these fees shall be grounds for the Department to request that the Court dismiss the Petition for approval of the Commutation Plan prior to final order.230 R.I. Code R. 230-RICR-20-45-6.8