Audit and Examination Fees

[LOGO] KAY IVEY GOVERNOR JIM L. RIDLING COMMISSIONER STATE OF ALABAMA DEPARTMENT OF INSURANCE 201 MONROE STREET, SUITE 502 POST OFFICE BOX 303351 MONTGOMERY, ALABAMA 36130-3351 TELEPHONE: (334) 269-3550 FACSIMILE: (334) 241-4192 INTERNET: www.aldoi.gov DEPUTY COMMISSIONERS MARK FOWLER JIMMY W. GUNN CHIEF EXAMINER RICHARD L. FORD STATE FIRE MARSHAL SCOTT F. PILGREEN GENERAL COUNSEL REYN NORMAN ## BULLETIN NO. 2021-08 TO: All Insurers FROM: Jim L. Ridling Commissioner of Insurance JLR DATE: July 29, 2021 EFFECTIVE: October 1, 2021 RE: Audit and Examination Fees Rescinds: Bulletin No. 2012-08, dated October 1, 2012 1. Effective October 1, 2021, Bulletin No. 2012-08 dated October 1, 2012, is rescinded and replaced by this Bulletin. 2. In addition to the fees prescribed in Ala. Code §27-4-2, the following audit and examination fees are hereby required by this Department: (a) Filing of Annual Financial Statements: (1) Mutual aid associations and fraternal benefit societies ... $400 (2) Health Maintenance Organizations ... $500 (3) All other insurers, including health care service plans ... $1,200 (b) Other filings: (1) Quarterly financial statements ... $100 (2) Market Conduct Annual Statement (MCAS) ... $200 (3) Corporate Governance Annual Disclosure (CGAD) ... $100 (4) Own Risk and Solvency Assessment (ORSA) ... $500 (5) Insurance Data Security Certification ... $250 (6) Applications for original certificate of authority (other than captive insurers) ... $2,000 (7) Captive insurer applications for original certificate of authority ... $200 Alabama Department of Insurance Established 1897 Bulletin No. 2021-08 July 29, 2021 Page 2 (8) Foreign Insurer Examination Reports ... $300 (9) Applications for accepted reinsurer status ... $350 (10) Managing General Agent filings ... $250 3. The above fees are to be submitted contemporaneous with each filing. For detailed information relative to the submission of payment, please visit the Department's Website: www.aldoi.gov JLR/RF/RN/ss