Notice Regarding Licensing Fees

The State of New Hampshire Insurance Department 21 South Fruit Street Suite 14 Concord, NH 03301 (603) 271-2261 Fax (603) 271-1406 TDD Access: Relay NH 1-800-735-2964 Roger A. Sevigny Commissioner Alex Feldvebel Deputy Commissioner NOTICE REGARDING LICENSING FEES Effective July 11, 2008 NH RSA 400-A:29 (licensing fees) has been amended effective July 11, 2008. The following is an explanation and the highlights of those changes. Please refer to the statute for complete details. Producer specific: Fees remain mostly unchanged, except there is now one fee for initial licensing and it is a nonrefundable application and license fee (the application fee has been absorbed into licensing fee). This fee remains unchanged at $210. Renewal fee remains unchanged at $150. Late completion of CE fee reduced from $60 to $50. Adjuster and Public Adjuster specific: • Application fees eliminated. • Double fees for Property & Casualty including Workers Compensation have been eliminated. There is now one license fee, regardless of the number of lines of authority applied for. • Resident Initial and biennial renewal fee is now $75. Retaliatory fees will be charged as indicated on the fee schedule. • Resident and Non-resident Adjusters and Public Adjusters subject to NH Continuing Education requirements now have a late completion of CE fee of $25. • Resident and Non-resident Adjusters and Public Adjusters now have a reinstatement (after license expiration date) fee of 2X normal renewal fee. • Adjusters now have a license amendment fee of $50 (adding or deleting a line of authority). General fee changes Manually processed address change fee is $10. Manually processed address changes will not be done unless accompanied by the required fee, and will not be returned. Electronic options to change addresses for all license types and resident status exist without charge…see department website. License fee continued on page 2 PRODUCER AND ADJUSTER LICENSING FEE’S PER RSA 400-A:29 Effective July 11, 2008 All Checks made payable to “State of NH Insurance Department”. All Fees are non-refundable. Producer Fees Initial license $210 Biennial renewal $150 Reinstatement after license expiration $300 Late completion of continuing education $50 Lifetime appointment $25 Lifetime appointment discharge $25 Adjuster Fees Adjuster initial license and biennial renewal for residents of states as indicated: $75- AZ CO CT DC DE FL IA IL IN KS KY LA MA MD ME MI MN MO MT NE NH NJ ND NM NY OH OK OR PA SD TN TX VT VA WA WI WV $77-UT $80- ID, SC $100- AK, AL, AR, GA, MS, WY. $150- NC, RI $195-NV $210- HI $241- CA Adjuster and Public Adjuster: Reinstatement after Expiration – 2X renewal fee Adjuster and Public Adjuster: Late Completion of Continuing Education $25 Public Adjuster-All States: Initial license and biennial renewal $100 General License Fees Certification and clearance letters $10 License amendment fee applicable to all license types $50 Address change - manual processing $10 Paper licenses $10 Copies $1 per page Mail returned for incorrect address $25 Revised & Effective 7/11/2008