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November 21, 2024 Clouds | 45°F
The 193rd General Court of the Commonwealth of Massachusetts

Section 14: Charges and fees

Section 14. He shall collect from the applicant and pay to the commonwealth charges and fees to be determined annually by the commissioner of administration under the provision of section three B of chapter seven for the following:

For each examination prior to granting a license or a certificate of authority to issue policies of insurance or annuity or pure endowment contracts as provided in sections four and thirty-two;

For the valuation of life policies of a domestic company as provided in section nine;

For each certificate issued under section sixteen; provided, that such certificates shall be issued without charge for the use of the commonwealth;

For each certificate under section thirty-two;

For the valuation of each outstanding group annuity contract issued by a domestic company including all annuity benefits evidenced by certificates issued thereunder, and a like sum for the valuation of each annuity contract other than a group annuity contract;

For each special license under clause (g) of section fifty-one or section fifty-four;

For each certificate issued by the commissioner under section seventy or section seventy-one;

For filing copy of charter or deed of settlement of each foreign company under section one hundred and fifty-one;

For filing copy of charter, amendment, or amended charter or deed of settlement of each foreign company;

For filing financial statement with the application for admission of a foreign company under section one hundred and fifty-one, and for filing each annual statement of a foreign company under section twenty-five, and for the auditing of each financial statement of an unadmitted foreign company filed for the purpose of qualifying as a reinsurer under clause (b) of section twenty;

For each service of legal process upon him as attorney for a foreign company under section one hundred and fifty-one and section one hundred and fifty-four; provided that such fee shall not be required for the service of process in any criminal proceeding;

For each license or renewal thereof to an insurance agent of any company under section one hundred and sixty-three;

For each license or renewal thereof to an insurance producer under sections 162M and 162N.

For each license or renewal thereof to a reinsurance intermediary broker under section one hundred and seventy-seven L;

For each license or renewal thereof to an adjuster of fire losses under section one hundred and seventy-two;

For each license or renewal thereof to an insurance adviser under section one hundred and seventy-seven B;

For each license or renewal thereof to a voluntary association under section one hundred and seventy-two A, to a partnership under section one hundred and seventy-three or to a corporation under section one hundred and seventy-four, the fees hereinbefore prescribed for like licenses issued to individuals under section 162M, 162N, one hundred and sixty-eight or one hundred and seventy-two, for each trustee, partner or officer to be covered by the license;

For each certificate of the valuation of life policies or annuity contracts, or both, of any life company issued under section nine for each certificate of the examination, condition, or qualification of a company;

For each copy of any paper on file in the office of the commissioner and for copies of tabulations and for certifying the same;

For each policy form submitted for approval, including endorsements, applications and riders filed therewith;

For each certificate endorsement, application or rider filed for approval separate from a policy form;

For each license issued or renewed in accordance with the provisions of the fourth clause of section one hundred and fifty-one;

For each duplicate of a license issued under any section of this chapter.

For each insurance agent appointment or renewal thereof under section 162S;

All other fees and charges due the commonwealth for any official act of service of the commissioner.