(a) The following table indicates the annual fees that are required for the respective licenses issued, renewed, or cancelled under this Article and Article 21 of this Chapter: Adjuster................................................................................................ | $75.00 |
Adjuster, crop hail only.......................................................................... | 20.00 |
Insurance producer appointment cancellation (paid by insurer). | 10.00 |
Insurance producer appointment, individual............................... | 11.00 |
Insurance producer appointment, Medicare supplement and long-term care, individual.......................................................... | 10.00 |
Agent, overseas military......................................................................... | 20.00 |
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Business entity...................................................................................... | 100.00 |
Limited representative............................................................................ | 20.00 |
Limited representative cancellation (paid by insurer)............................ | 10.00 |
Motor vehicle damage appraiser............................................................ | 75.00 |
Surplus lines licensee, corporate.......................................................... | 100.00 |
Surplus lines licensee, individual........................................................... | 50.00 |
(b) Whenever a temporary license is issued under this Article, the fee shall be at the same rate as provided in subsection (a) of this section; and any amounts so paid for a temporary license may be credited against the fee required for an appointment by the sponsoring company.(c) Any person who is not licensed and who is required by law or administrative rule to secure a license shall, upon application for licensing, pay to the Commissioner a fee of fifty dollars ($50.00). If additional licensing for other lines of authority is requested, a fee of fifty dollars ($50.00) shall be paid to the Commissioner upon application for licensing for each additional kind of insurance. In addition to the fees prescribed by this subsection, any person applying for a supplemental license to sell Medicare supplement and long-term care insurance policies shall pay an additional fee of fifty dollars ($50.00) upon application for licensing for that line of authority.
(d) The requirement for an examination, prelicensing education, continuing education, or a registration fee does not apply to agents for domestic farmers' mutual assessment fire insurance companies or associations who solicit and sell only those kinds of insurance specified in G.S. 58-7-75(5)d for those companies or associations. (f) Repealed by Session Laws 2007-507, s. 7, effective January 1, 2008, and applicable to fees or charges due, and actions occurring, on or after that date.(g) All fees prescribed by this section are nonrefundable. The fees in subsection (a) of this section are in lieu of any other license fees. The fee for an individual insurance producer appointment under subsection (a) of this section applies to each license.(h) Fees paid by an insurer on behalf of a person who is licensed or appointed to represent the insurer are payable to the Commissioner when billed. Billing of insurers for renewal fees must be on an annual basis. The frequency for billing insurers for other licensing and appointment fees is determined by the Commissioner and may be daily, monthly, or quarterly. An electronic payment made through the NAIC or an affiliate of NAIC is considered a payment to the Commissioner.N.C. Gen. Stat. § 58-33-125
Amended by 2022 N.C. Sess. Laws 46,s. 13-a, eff. 7/7/2022.Amended by 2011 N.C. Sess. Laws 326,s. 15-h, eff. 6/27/2011.Amended by 2010 N.C. Sess. Laws 194,s. 8, eff. 10/1/2010.Amended by 2008 N.C. Sess. Laws 107,s. 29.10.(a), eff. 1/1/2009.Amended by 2007 N.C. Sess. Laws 507,s. 7, eff. 1/1/2008. 1987, c. 629, s. 1; c. 864, ss. 84, 85; 1989 Reg. Sess., 1990 ,c. 941, ss. 4-5; c. 1021, s. 9; c. 1069, s. 14; 1991, c. 476, s. 3; c. 721, s. 7; 1991 Reg. Sess., 1992 , c. 837, s. 3; 2000-122, s. 1.