(a) The Commissioner of Insurance shall collect in advance the following fees:

Terms Used In Alabama Code 27-25-4.7

  • following: means next after. See Alabama Code 1-1-1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1

(1) Title insurance agent licenses:

a. Individuals:

1. Application fee (for filing of initial application for license) …………………………$20

2. License fee (for issuance of original license and each biennial renewal) …………………$40

b. Business entities:

1. Application fee (for filing of initial application for license) ………………………..$20

2. License fee (for original license and each biennial renewal) …………………………..$100

c. Examination fee, an amount set by the commissioner not to exceed……………………$100

d. Late renewal fee, to be paid by each title insurance agent failing to make a timely renewal of license………….$50

(2) Title insurance agent appointment fee:

a. Filing notice of appointment …………………………………….$30

b. Annual continuation of appointment …………………………..$10

(3) Prelicensing course provider fee (for filing initial application for authority and annual renewal) an amount set by the commissioner not to exceed ……..$100

(b) The fees specified in subsection (a) shall be deposited in the State Treasury and credited to the Insurance Department Fund.

(Act 2012-397, p. 1078, §2.)