Application fees

The following non-refundable application fees shall be payable for the licensing of an insurance company, an association of underwriters, an insurance broker, an insurance agent, or an insurance sub-agent (as the case may be), for the purpose of carrying on insurance business, and shall accompany the relevant application for licensing– (a) Application Fee for the licensing of $500.00 an or association of underwriters 7 (b) Application Fee for the licensing of $500.00 an insurance broker (c) Application Fee for the licensing of $150.00 for first an insurance agent (corporate bodies or partnerships) principal and $50.00 thereafter for each additional principal. (d) Application Fee for the licensing of an insurance agent (individual), and insurance sub-agent $25.00 fees.