LAC 10:XV.307. Application Fees; Other Fees

A. An advance notification of intent to seek certification shall be filed by a company or entity, the applicant, prior to filing an application. An advance notification fee of $100 shall be submitted with the advance notification form. B. An application fee of $5,000 shall be submitted with the application. Checks should be payable to the Office of Financial Institutions. C. The office reserves the right to return the advance notification or application to the applicant if the estimated exemption or the fee submitted is incorrect. The document may be resubmitted with the correct fee. The document will not be considered officially received and accepted until the appropriate fee is submitted. Processing fees for advance notifications and applications which have been accepted will not be refundable. D. The commissioner shall conduct an annual review of each CAPCO to determine the company's compliance with the rules and statutes. Examiner time shall be billed at a rate not less than $50 per hour, per examiner, or $500 per review, whichever is greater.