Michigan § 500.240 - Fees and charges; collection, payment, and disposition.
Full text of Michigan Michigan Compiled Laws § 500.240 — Fees and charges; collection, payment, and disposition., with citation guidance and answers to common questions.
§ 500.240. Fees and charges; collection, payment, and disposition.
(1) The director shall collect, and the person affected shall pay to the director, the following fees:
|
(a) Filing fee for original authorization to transact insurance or health maintenance organization business in this state, for each domestic, foreign, and alien insurer, and each health maintenance organization |
$ |
25.00. |
|
(b) Until the effective date of the 2016 amendatory act that amended this subdivision, filing fee for annual statement of foreign and alien insurers, each year, subject to section 476a |
$ |
25.00. |
|
(c) Producer's appointment fee, resident or nonresident, payable by insurer or health maintenance organization so represented, for each producer, each year |
$ |
5.00. |
|
(d) Application fee payable by each initial applicant for license as resident producer, nonresident producer, surplus lines producer, solicitor, counselor, or adjuster, not transferable or refundable |
$ |
10.00. |
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(e) Solicitor's license, each year |
$ |
10.00. |
|
(f) Insurance counselor license, each year |
$ |
10.00. |
|
(g) Adjuster's license, each year |
$ |
5.00. |
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(h) License examination fee, payable by applicant for all subjects covered in any 1 examination, or portion of an examination, for license as resident producer, surplus lines producer, solicitor, counselor, or adjuster, each examination, not transferable or refundable |
$ |
10.00. |
|
(i) Surplus lines producer license each year |
$ |
100.00. |
(2) An incorporated domestic insurer shall pay to the attorney general, for the examination of the insurer's articles of incorporation or any amendments to the articles of incorporation, $25.00.
(3) The fees and charges for official services performed by the director or the director's deputies or employees, when collected, must be turned over to the state treasurer and a receipt taken. The fees and charges provided for in this section must be deposited in the state treasury to the credit of the general fund.
(4) The examination fees described in subsection (1)(h) are applicable only if the examinations are administered by the director. If the examinations are administered by a designated authority other than the director, appropriate examination fees are payable directly to the designated authority.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 500.240
What does Michigan Compiled Laws § 500.240 cover?
Section 500.240 ("Fees and charges; collection, payment, and disposition.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 500.240?
A common citation format is "Michigan Compiled Laws § 500.240" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 500.240 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.