AL Insurance Bulletin issued 2003-04-30

Property & Casualty Policy and Billing Procedure

Year: 2003Length: 268 wordsOfficial source
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 The previous schedule of charges is reflected in the Bulletin dated November 1, 1995, which is hereby rescinded and withdrawn effective June 1, 2003.