Utah Admin. Code R590-157-4 - Stamping Fee Amounts
(1) Pursuant to
Subsection
31A-15-103(11)(d),
the stamping fee for the examination of a surplus lines transaction is 0.18% of
the policy premium payable.
(2) A
late surplus lines stamping fee payment may be subject to late fees of:
(a) 25% of the stamping fee due;
(b) 1.5% per month from the time of default
until the stamping fee is paid in full; and
(c) a minimum of $10 if the amounts in
Subsections (2)(a) and (2)(b) total less than $10.
(3) A courtesy filing fee may not be included
as a surplus lines premium when computing premium taxes and stamping
fees.
Notes
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