§ 2-504. Fee in lieu of other fees; adjusted premiums

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(a) Fee in lieu of other fees. -- The assessment fee imposed on insurers under this subtitle is in lieu of any life insurance valuation fees and a reduction in specified insurance producer fees that the Commissioner had previously charged and collected under § 2-112 of this title.

(b) Adjusted premiums. -- In determining adjusted premiums subject to the assessment fee, the Commissioner may use the premiums as stated in the report required under § 2-506(a) of this subtitle.

HISTORY: 1998, ch. 774, § 3; 2001, ch. 731, § 1.

                    
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