Current through December 3, 2024
Section 230-RICR-20-50-5.5 - Fee Schedules - Business Entity LicenseesA. A Business Entity applying for an insurance producer, public, company or independent claims adjuster, motor vehicle damage appraiser or surplus line broker license shall apply and pay the fee identified in § 5.4 of this Part above for the individual license of the same class.B. The fee schedule for the initial and renewal license for the other licenses issued to business entities by the Department is as follows: 1. Third Party Health Insurance Administrators. Annual Fee for Certificate of Authority or Waiver (Resident and Nonresident) - $250.2. Reinsurance Intermediaries. Biennial License Fee (initial application and renewal) - $200 (comprised of $100 per year or part thereof per R.I. Gen. Laws § 27-52-4(d)(3)).3. Portable Electronics Vendors. Biennial License Fee (initial application and renewal) - $200 (pursuant to R.I. Gen. Laws § 27-2.7-7).4. Limited Lines Travel Producer a. Residents - $120 - Fee is calculated by adding $55 per year fee of R.I. Gen. Laws § 27-2.4-4 and the $5 per year Continuing Education tracking fee of R.I. Gen. Laws § 27-3.2-9.b. Nonresidents - $130 - Fee is calculated by adding $60 per year fee of R.I. Gen. Laws § 27-2.4-4, $5 per year retaliatory fee and a $5 per year Continuing Education tracking fee of R.I. Gen. Laws § 27-3.2-9.5. Life Settlement Provider a. Fee for Initial Certificate of Authority (Resident and Nonresident) - $1,000b. Life Settlement Providers must file an annual report pursuant to R.I. Gen. Laws § 27-72-6 along with an annual fee of $1,000. Failure to file the annual report or pay the annual fee shall result in immediate suspension of the license and shall be a basis to permanently revoke the license.230 R.I. Code R. 230-RICR-20-50-5.5