Z-0522.2/91       _______________________________________________

 

                                 SENATE BILL 5265

                  _______________________________________________

 

State of Washington              52nd Legislature             1991 Regular Session

 

By Senators von Reichbauer, Pelz and Conner; by request of Insurance Commissioner.

 

Read first time January 25, 1991.  Referred to Committee on Financial Institutions & Insurance.Allowing examination fees to be based on cost and placed in the insurance commissioners regulatory account.


     AN ACT Relating to fees charged by the insurance commissioner; and amending RCW 48.14.010.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

 

     Sec. 1.  RCW 48.14.010 and 1988 c 248 s 7 are each amended to read as follows:

     (1) The commissioner shall collect in advance the following fees:

 

(A) FOR FILING CHARTER DOCUMENTS:

(i) Original charter documents, bylaws or record of organization of insurers, or certified copies thereof, required to be filed.........................................................$250.00

(ii) Amended charter documents, or certified copy thereof, other than amendments of bylaws..........................................$ 10.00

(iii) No additional charge or fee shall be required for filing any of such documents in the office of the secretary of state.

(B) CERTIFICATE OF AUTHORITY:

(i) Issuance..................................................$ 25.00

(ii) Renewal..................................................$ 25.00

(C) ANNUAL STATEMENT OF INSURER, FILING ......................$ 20.00

(D) ORGANIZATION OR FINANCING OF DOMESTIC INSURERS AND AFFILIATED CORPORATIONS:

(i) Application for solicitation permit, filing...............$100.00

(ii) Issuance of solicitation permit..........................$ 25.00

(E) AGENTS' LICENSES:

(i) Agent's qualification licenses each year..................$ 25.00

(ii) Filing of appointment of each such agent, each year......$ 10.00

(iii) Limited license issued pursuant to RCW 48.17.190, each year..........................................................$ 10.00

(F) BROKERS' LICENSES:

(i) Broker's license, each year...............................$ 50.00

(ii) Surplus line broker, each year...........................$100.00

(G) SOLICITORS' LICENSE, EACH YEAR ...........................$ 10.00

(H) ADJUSTERS' LICENSES:

(i) Independent adjuster, each year...........................$ 25.00

(ii) Public adjuster, each year...............................$ 25.00

(I) RESIDENT GENERAL AGENT'S LICENSE, EACH YEAR ..............$ 25.00

(J) EXAMINATION FOR LICENSE, EACH EXAMINATION:

The commissioner shall establish by rule the fee for all examinations, except examinations administered by an independent testing service, the fees for which are to be approved by the commissioner and collected directly by and retained by such independent testing service((................................................$ 10.00)).  Examination fees established by the commissioner must be sufficient to cover all examination development and administration costs.

(K) MISCELLANEOUS SERVICES:

(i) Filing other documents.....................................$  5.00

(ii) Commissioner's certificate under seal.....................$  5.00

(iii) Copy of documents filed in the commissioner's office, reasonable charge therefor as determined by the commissioner.

 

     (2) All fees so collected shall be remitted by the commissioner to the state treasurer not later than the first business day following, and shall be placed to the credit of the general fund((: PROVIDED, That)).  However, fees for examinations administered by an independent testing service which are approved by the commissioner pursuant to subsection (1)(j) of this section shall be collected directly by such independent testing service and retained by it.  The commissioner shall deposit all examination fees collected under subsection (1)(j) of this section in the insurance commissioner's regulatory account in the state treasury.  The fees collected under subsection (1)(j) of this section shall be used to pay examination development and administration costs.