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Code · Michigan · Chapter 500 — Insurance Code of 1956

500.7012 Fees; payment and collection; service of process; designation and purpose of fees.

133 words·~1 min read·/mi/chapter-500/500-7012

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500.7012 Fees; payment and collection; service of process; designation and purpose of fees.
Sec. 7012.
(1)The commissioner shall collect, and the persons affected shall pay to the commissioner, the following fees:
(a)Filing fee to accompany application for certificate of authority $ 200.00.
(b)Certificate of authority $ 25.00.
(c)Filing fee for annual statement each year $ 25.00.
(2)Each MEWA shall appoint the commissioner as its resident agent for purposes of service of process. The fee for such service shall be in the amount of $5.00, payable at the time of service.
(3)Fees paid under this section shall be designated for the insurance bureau to cover the additional costs incurred as a result of this chapter.
History: Add. 1986, Act 121, Eff. July 1, 1986
Popular Name: Act 218
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