Section 6.63. Regulation charge.

 

(1)  The renewal fee to be paid biennially in a payment type prescribed by the commissioner, by each licensed individual intermediary-agent is:

Resident agent     $ 35.00

Nonresident agent   $ 70.00

(2)  Renewal fees are due on the last day of the intermediary's birth month every other year. OCI will send a form OCI 11-051 renewal fee notice by first-class mail at least 60 days prior to the fee due date to each intermediary at the mailing address on file with the office of the commissioner of insurance.

(3)  Any resident individual intermediary whose license is revoked for failing to pay renewal fees, failing to complete required continuing education or failing to pay delinquent taxes may, within 12 months from the revocation date, apply to be relicensed for the same license without completing prelicensing education or passing a written examination. Resident licensees who are required to complete continuing education must have all previous requirements met. The application fee shall be as specified in s. 628.10 (5) (a) , Stats. If a resident license has been revoked for more than 12 months, the intermediary shall, in order to be relicensed, satisfy the examination and licensing requirements established by s. Ins 6.59 .

(4)  Intermediaries with a Surplus Lines license shall pay an annual renewal fee of $100.00 on or before the assigned expiration date each year. OCI will send an OCI renewal fee notice by first-class mail at least 60 days prior to the fee due date to each intermediary surplus lines agent at the home address on file with the office of the commissioner of insurance. Any resident individual intermediary whose surplus lines license is revoked for failing to pay renewal fees or failing to pay delinquent taxes may, within 12 months from the revocation date for failing to pay delinquent taxes or within 10 months from the revocation date for failure to pay a renewal fee or complete continuing education, apply to be relicensed for the same license. If a license has been revoked for more than 12 months for failing to pay delinquent taxes or revoked for more than 10 months for failure to pay a renewal fee, the intermediary shall, in order to be relicensed, satisfy the licensing requirements established by s. Ins 6.59 .

History: Cr. Register, December, 1977, No. 264 , eff. 1-1-78; am. (1) to (3), Register, September, 1981, No. 309 , eff. 1-1-82; r. and recr. (4) to (6), Register, October, 1981, No. 310 , eff. 11-1-81; am. (1), Register, November, 1995, No. 479 , eff. 12-1-95; CR 01-074 : am. (3) to (5), r. (2), Register January 2002 No. 553 , eff. 2-1-02; CR 05-111 : r. and recr. Register October 2006 No. 610 , eff. 11-1-06; CR 09-022 : am. (1) (a), (2) and (3), r. (1) (b) Register August 2009 No. 644 , eff. 9-1-09; renumber of (1) (a) to (1) made under s. 13.92 (4) (b) 1. , Stats., Register August 2009 No. 644 .

Note

A free copy of each form referenced in this section may be obtained from the office of the commissioner of insurance, P.O. Box 7872, Madison, WI 53707-7872 or on the office of the commissioner of insurance website at http://oci.wi.gov/ . Microsoft Windows NT 6.1.7601 Service Pack 1