Report Title:
Issuance and service fees
Description:
Re-establishes the issuance and all services fess applicable to limited line motor vehicle rental company producer's licensee. Requires adjusters and independent bill reviewers' place of business be located the licensee principally conducts transactions under the license.
THE SENATE |
S.B. NO. |
1408 |
TWENTY-FOURTH LEGISLATURE, 2007 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO INSURANCE LICENSING.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 431:7-101, Hawaii Revised Statutes, is amended by amending subsections (a) and (b) to read as follows:
"(a) The commissioner shall collect in advance the following fees:
(1) Certificate of authority: Issuance . . . . . . . $900
(2) Organization of domestic insurers and affiliated corporations:
(A) Application and all other papers required
for issuance of solicitation permit,
filing . . . . . . . . . . . . . . . . . . $1,500
(B) Issuance of solicitation permit . . . . . $150
(3) Producer's license:
(A) Issuance, regular license . . . . . . . . . $50
(B) Issuance, temporary license . . . . . . . . $50
(4) Nonresident producer's license: Issuance . . . . $75
(5) Independent adjuster's license: Issuance . . . . $75
(6) Public adjuster's license: Issuance . . . . . . . $75
(7) Workers' compensation claim adjuster's limited license: Issuance . . . . . . . . . . . . . . $75
(8) Independent bill reviewer's license:
Issuance . . . . . . . . . . . . . . . . . . . $80
(9) Limited producer's license: Issuance . . . . . $60
(10) Managing general agent's license:
Issuance . . . . . . . . . . . . . . . . . . . $75
(11) Reinsurance intermediary's license:
Issuance . . . . . . . . . . . . . . . . . . . $75
(12) Surplus lines broker's license: Issuance . . . $150
(13) Service contract provider's registration:
Issuance . . . . . . . . . . . . . . . . . . . $75
(14) Approved course provider certificate:
Issuance . . . . . . . . . . . . . . . . . . . $100
(15) Approved continuing education course
certificate: Issuance . . . . . . . . . . . . $30
(16) Vehicle protection product warrantor's
registration: Issuance . . . . . . . . . . . . $75
(17) Criminal history record check . . . . . . . . $20
(18) Examination for license: For each
examination, a fee to be established by the commissioner.
(19) Limited line motor vehicle rental company producer's license: Issuance . . . . . . . $1000
(b) The fees for services of the department of commerce and consumer affairs subsequent to the issuance of a certificate of authority, license, or other certificate are as follows:
(1) $600 per year for all services (including extension of the certificate of authority) for an authorized insurer;
(2) $50 per year for all services (including extension of the license) for a regularly licensed producer;
(3) $75 per year for all services (including extension of the license) for a regularly licensed nonresident producer;
(4) $45 per year for all services (including extension of the license) for a regularly licensed independent adjuster;
(5) $45 per year for all services (including extension of the license) for a regularly licensed public adjuster;
(6) $45 per year for all services (including extension of the license) for a workers' compensation claims adjuster's limited license;
(7) $60 per year for all services (including extension of the license) for a regularly licensed independent bill reviewer;
(8) $45 per year for all services (including extension of the license) for a producer's limited license;
(9) $75 per year for all services (including extension of the license) for a regularly licensed managing general agent;
(10) $75 per year for all services (including extension of the license) for a regularly licensed reinsurance intermediary;
(11) $45 per year for all services (including extension of the license) for a licensed surplus lines broker;
(12) $75 per year for all services (including renewal of registration) for a service contract provider;
(13) $65 per year for all services (including extension of the certificate) for an approved course provider;
(14) $20 per year for all services (including extension of the certificate) for an approved continuing education course;
(15) $75 per year for all services (including renewal
of registration) for a vehicle protection product warrantor; [and]
(16) $20 for a criminal history record check[.];
and
(17) $600 per year for all services (including extension of the license) for a regularly licensed limited line motor vehicle rental company producer.
The services referred to in paragraphs (1) to
[(16)] (17) shall not include services in connection with
examinations, investigations, hearings, appeals, and deposits with a depository
other than the department of commerce and consumer affairs."
SECTION 2. Section 431:9-228, Hawaii Revised Statutes, is amended to read as follows:
"§431:9-228 Place of business. [(a)
Every licensed adjuster, and independent bill reviewer shall have and maintain
in this State a place of business accessible to the public.
(b)] (a) The place of business of
every licensed adjuster and independent bill reviewer shall be [that
wherein] the place where the licensee principally conducts
transactions under the licensee's [licenses.] license.
[(c)] (b) The licensee shall
promptly notify the commissioner of any change of business
address."
SECTION 3. Section 431:9A-109, Hawaii Revised Statutes, is amended to read as follows:
"§431:9A-109 Exemption from examination.
[(a)]Subject to section 431:9A-116, an individual who applies for an
insurance producer license in this State and who was previously licensed
for the same lines of authority in another state shall not be required to
complete any prelicensing education or examination. This exemption is only
available if the person applying for a nonresident producer license is
currently licensed in [that] the other state or if [the] a
resident producer license application is received within ninety days of the
cancellation of the applicant's previous resident license and if the
prior state issues a certification that, at the time of cancellation, the
applicant was licensed in good standing in that state, or the state's producer
database records, maintained by the National Association of Insurance
Commissioners, its affiliates, or its subsidiaries, indicate that the producer
is or was licensed in good standing for the line of authority requested.
[(b) A person licensed as an insurance
producer in another state who moves to this State shall make application within
ninety days of establishing legal residence to become a resident licensee
pursuant to section 431:9A-106. No prelicensing educational component or
examination shall be required of that person to obtain any line of authority
previously held in the prior state except where the commissioner determines
otherwise by rule.]"
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect upon its approval.
INTRODUCED BY: |
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BY REQUEST |