N.J. Admin. Code § 11:1-32.4

Current through Register Vol. 56, No. 18, September 16, 2024

Section 11:1-32.4 - Fees; general

(a) On filing with the Department any certificate or other filing specified in this section by an insurer, fraternal benefit society, medical service corporation, hospital service corporation, health service corporation, dental service corporation or dental plan organization authorized to transact business in this State, or by any other person, there shall be paid to the Commissioner fees as follows:

1. Filing a certificate of incorporation of a domestic insurer--$ 1,500;

2. Filing a certificate of an increase of capital stock of a domestic insurer--$ 250.00;

3. Filing a certificate of consolidation and merger involving a domestic insurer--$ 2,500;

4. For each Form A filing in connection with the acquisition or control of a domestic insurer--$ 2,500;

5. Upon the scheduling of a hearing in connection with a Form A filing--$ 2,500;

6. Filing a certificate of dissolution of insurer, change of name, change of nature of business, amended certificate of incorporation (other than those authorizing increase in capital stock of a domestic insurer), decrease of capital stock, or increase or decrease of par value of shares--$ 250.00;

7. Processing application and renewal of certificate of authority to transact business as a dental plan organization--$ 1,000; and

8. Filing all certificates not otherwise provided for--$ 50.00.

(b) The following fees shall be paid for services provided by the Commissioner in addition to those set forth in (a) above as follows:

1. Filing each annual statement of an insurer, including title insurers--$ 100.00;

2. Providing certificate of valuation of policies (life and health insurers only)--$ 25.00;

3. Providing certificate of the condition or qualification of an insurer--$ 25.00; each additional copy for same company--$ 5.00;

4. Filing service of lawful process upon the Commissioner as attorney--$ 30.00;

5. Providing copy of Statutory Annual Statement pages--$ 2.00 per page;

6. Certifying copy of any paper filed with the Department--$ 15.00; certifying a company document--$ 50.00;

7. Providing copy of any paper filed with the Department (except Statutory Annual Statements)--$ 0.75 each for the first 10 pages; $ 0.50 each for the next 10 pages; $ 0.25 per page thereafter;

8. Filing each annual statement of a fraternal benefit society formed pursuant to N.J.S.A. 17:44A-1 et seq.--$ 100.00;

9. Filing each annual statement of a dental plan organization--$ 100.00;

10. Filing each annual statement of a dental service corporation, medical service corporation, hospital service corporation or health service corporation--$ 100.00;

11. Filing an application for a certificate of authority to transact business as a dental service corporation, medical service corporation, hospital service corporation or health service corporation--$ 5,000;

12. Processing an application for the issuance of a Certificate of Registration pursuant to N.J.A.C. 11:3-3 --$ 1,000; processing an application of renewal of Certificate of Registration--$ 250.00; and

13. Processing an application for issuance or renewal of a Certificate of Order Granting Exemption from Insuring Liability for Compensation pursuant to N.J.A.C. 11:2-33 --$ 1,000; in the case of affiliated companies filing the same consolidated financial report as part of an initial application or renewal--$ 1,000 for the parent company or lead affiliate, and $ 250.00 for each additional affiliate;

14. Each submission or resubmission for review of payment of an extraordinary dividend or distribution pursuant to 17:27A-4 --$ 1,000; each submission or resubmission for review of payment of an ordinary dividend or distribution pursuant to 17:27A-4 --$ 500.00;

15. Filing an application for a special permit to provide "charitable annuities" pursuant to 17B:17-13.1 --$ 100.00;

16. Filing each annual statement by a holder of a special permit issued pursuant to 17B:17-13.1 --$ 50.00;

17. Processing an application for redomestication by a foreign or alien insurer or eligible surplus lines insurer--$ 1,000;

18. Review of bylaws, plan of risk management or risk management program, or any other similar documents required to be submitted to the Department for approval to operate as a joint insurance fund--$ 1,500;

19. Researching, retrieving and compiling public records--actual staff time rounded to the nearest quarter hour at the rate of $ 50.00 per hour. The Department may require a deposit not exceeding the estimated cost prior to commencing work; and

20. The costs to the Department for investigation and prosecution of violations of the New Jersey Insurance Producer Licensing Act pursuant to N.J.S.A. 17:22A-45--actual staff time rounded to the nearest quarter hour at the rate of $ 50.00 per hour; and

21. Providing or processing any certificate or document not otherwise provided for--$ 25.00.

N.J. Admin. Code § 11:1-32.4

Amended by 51 N.J.R. 765(a), effective 5/20/2019