(a) The commissioner shall collect the following fees in connection with Section 27-31B-3:

Terms Used In Alabama Code 27-31B-4

  • 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) Filing application for license, two hundred dollars ($200).
(2) License fee, for initial license and each annual renewal thereof, three hundred dollars ($300).
(b) All fees collected pursuant to this section shall be deposited in the State Treasury to the credit of the Insurance Department Fund.