AL Insurance Bulletin issued 2003-04-30
Property & Casualty Policy and Billing Procedure
DATE: April 30, 2003
RE: Property & Casualty Policy and Billing Procedure
TO: All Property & Casualty Insurers Licensed in Alabama
Effective June 1, 2003, the minimum fee charged for examination of all property
and casualty rates, rules and forms required to be submitted for approval is to
be transmitted to the Property & Casualty Division, and this fee must accompany
the filing.
Listed below are the minimum fees to be submitted as required above:
Type of Filing
Minimum Fee
Any property, casualty, marine and surety RATE filing
$75.00
Any property, casualty, marine and surety RULE filing
$75.00
Any COMBINATION RATE and RULE filing
$75.00
Any property, casualty, wet marine, marine and title FORM filing (per form)
$40.00
Risk Retention Group and Purchasing Group Annual Registration
$100.00
There is a maximum fee of $3,500.00 for all filings submitted at one time.
EXCEPTIONS TO FILING FEES:
Special rated risks, "A" rated filing, non-adoption
of rating organization filings, rating organization membership filings and responses
to pending filings.
FAILURE TO PROVIDE FINAL PRINTED PAGES PRIOR TO THE EFFECTIVE DATE OF FILING WILL
RESULT IN ADDITIONAL FILING FEES.
The required fee should be transmitted by draft payable to the Commissioner of Insurance,
State of Alabama. If there are expenses over and above the minimum fees in examination
of these filings, the insurer will be notified.
This change in the schedule of minimum fees becomes effective on all submissions
received in the Department on and after June 1, 2003. The previous schedule of charges
is reflected in the Bulletin dated November 1, 1995, which is hereby rescinded and
withdrawn effective June 1, 2003.