23 CAR § 22-103

23 CAR § 22-103. Derivation and classes of fees

Length: 178 wordsOfficial source
(a)(1)(A) The State Insurance Department Trust Fund Act, Arkansas Code § 23-61-701 et seq., provides the State Insurance Department’s authority to generate revenue to support its operations by the imposition of fees. (B) It also divides certain of those fees into two (2) categories, i.e., Category A and Category B. (2)(A) Fees in Category A are those: (i) Involving material or substantive corporate transactions; or (ii) That consume substantial time of department staff. (B) Those fees are capped at a maximum of one thousand five hundred dollars ($1,500) per transaction. (3)(A) Category B fees, on the other hand, are those involving other departmental filings, transactions, or services that do not require a substantial effort by department staff. (B) Those fees are capped at a maximum of fifty dollars ($50.00) per transaction. (b) Caution. The State Insurance Department Trust Fund Act, Arkansas Code § 23-61-701 et seq., and other acts/statutes referenced above authorize the imposition of other fees: (1) Set forth in this part; and (2) That are not subject to the respective Category A and Category B caps.
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