Tennessee § 56-4-101 - Schedule and applicability of fees.

§ 56-4-101. Schedule and applicability of fees.

The commissioner shall collect and pay into the state treasury the following nonrefundable fees: For receiving and reviewing each new application for admission from every foreign or domestic insurance company, including application for eligibility of surplus lines insurers, captive insurance companies, protected cells of captive insurance companies, and incorporated protected cells of captive insurance companies, six hundred seventy-five dollars ($675); For issuing each new certificate of authority to a company, foreign or domestic, including letter of notification of eligibility of surplus lines insurers, upon application for admission or eligibility, as the case may be, four hundred forty dollars ($440); For annual review for determination of continuing eligibility of surplus lines insurers, two hundred seventy dollars ($270); For each company's annual statement, five hundred fifteen dollars ($515); For amendments to the company's certificate of authority, ninety dollars ($90.00); For each seal of office, with certificate, seven dollars ($7.00); For copies of any paper on file or deposit with the commissioner or the commissioner's office, fifty cents (50¢) per page; For receiving and reviewing each change of business plan or change in ownership for a captive insurance company, four hundred dollars ($400); and For receiving and reviewing each change of ownership for a protected cell of a captive insurance company or an incorporated protected cell of a captive insurance company, one hundred twenty-five dollars ($125). This section shall apply to all insurance companies, including state and county mutual fire insurance companies, title insurance companies, associations, fraternal benefit societies, captive insurance companies and surplus lines insurers maintaining eligibility status, notwithstanding any law or statute under which companies, associations and societies may have been organized. Acts 1895, ch. 160, § 27; Shan., § 3311; Code 1932, § 6131; Acts 1967, ch. 24, § 2; 1971, ch. 272, § 1; 1972, ch. 481, § 1; 1975, ch. 68, § 21; 1979, ch. 298, § 1; T.C.A. (orig. ed.), § 56-401; Acts 1983, ch. 262, § 1; 1985, ch. 215, § 1; 2001, ch. 333, § 2; 2015, ch. 156, §§ 17, 18. Compiler's Notes. Acts 2001, ch. 333, § 9 provided that the purpose of the act is to afford the insurance division of the department of commerce and insurance the ability to obtain sufficient staff and resources to adequately implement the provisions of title 56 and title 55, chapter 18, part 1 as related to the regulation of the business of insurance. Notwithstanding any law to the contrary, the increase in revenues generated by passage of the act shall be utilized by the department of commerce and insurance to defray the expenses of improvements to the department's insurance division incurred in the regulation of the business of insurance, including the expenses associated with any improvements to the division deemed necessary from time to time by the commissioner of the department of commerce and insurance. The improvements contemplated by the act shall be in addition to the base level funding appropriated to the insurance division in the fiscal year ending June 30, 2001. The commissioner of commerce and insurance is directed to identify the increase in revenues generated by the act and the expenditures associated with this increase, and annually inform the commissioner of the department of finance and administration of the amount of any unexpended revenues. The commissioner of finance and administration at the close of each fiscal year shall reserve any excess revenues raised by the act and unspent by the department of commerce and insurance, until expended for purposes consistent with this act. The funds shall not revert to the general fund on any June 30, and excess revenues shall not revert on any June 30, but shall remain available only for the benefit of the department of commerce and insurance's insurance division. Cross-References. Foreign fraternal benefit society, fee for license or renewal, §§ 56-25-603 , 56-25-605 . Mutual or assessment fire insurance companies, fees of commissioner, § 56-20-115 . Necessary expenses of department paid from fees prior to deposit into state treasury, § 56-1-209 . Reciprocity of treatment, § 56-4-218 . State mutual fire insurance agents, certificate of authority, fee, § 56-21-130 . State mutual fire insurance company, annual report, filing fee, § 56-21-111 .