23 CAR § 122-103. Per-contract fee amounts

(a) Effective for all prepaid funeral benefits contracts executed on and after January 1, 2013, until January 1, 2018, each licensee selling a prepaid funeral benefits contract shall remit to the State Insurance Department a one-time per-contract fee of not less than ten dollars ($10.00) for each prepaid funeral benefits contract, including any amendments thereto, entered into by the licensee, whether cash or trust funded or funded by an insurance policy or annuity contract. (b) A five-dollar increase in the per-contract fees is needed during the above described period, from January 1, 2013, to January 1, 2018, to increase funds in the Prepaid Funeral Contracts Recovery Program to safely meet potential reparation claims for purchasers from organizations declared insolvent or found deficient under Arkansas Code § 23-40-119(f)(1)(A) or § 23-40-119(f)(1)(B). (c) For prepaid funeral benefit contracts executed after January 1, 2018, the one-time per­contract fee shall revert to a fee of five dollars ($5.00) per contract.