Utah Admin. Code R590-102-8 - Captive Insurer Fees

Current through Bulletin No. 2021-18, September 15, 2021

(1) Initial license application, due with license application -$200.
(2) Actual costs incurred by the department during the initial license application review shall be paid by the captive insurer by the due date on the invoice.
(3) Annual license fees:
(a) initial, due by the due date on the invoice;
(b) renewal, due by the due date on the invoice -$7,250;
(c) late renewal, due for any renewal paid after the due date on the invoice - $7,300; and
(d) reinstatement, due with application for reinstatement -$7,300.
(4) Actual costs plus overhead expenses incurred during an examination of a captive insurer shall be paid by the examined captive insurer by the due date on the invoice.

Notes

Utah Admin. Code R590-102-8
Amended by Utah State Bulletin Number 2017-8, effective 3/24/2017 Amended by Utah State Bulletin Number 2018-5, effective 2/8/2018 Amended by Utah State Bulletin Number 2020-06, effective 3/10/2020 Amended by Utah State Bulletin Number 2020-16, effective 8/10/2020 Amended by Utah State Bulletin Number 2021-11, effective 5/24/2021

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