STATE OF MAINE
BUREAU OF INSURANCE
SCHEDULE OF COMPANY FEES, TAXES, AND DEPOSITS
(RETALIATORY STATEMENT)
Life & Health, Property & Casualty, Title
Maine is a retaliatory state and all fees, premium taxes, deposits and other charges will be charged at the rate in Maine law or the rate charged by the domiciliary state, whichever is higher. Title 24-A, M.R.S.A. § 428 & Title 36, M.R.S.A. § 2519.
| Section I – Fees (Payable to Treasurer, State
of Maine) (Title 24-A, M.R.S.A.) |
| Admission Fees |
|
| |
Certificate of Authority Application Fee (due at
time of application) |
$1,000 |
| |
Issuance Fee (billed at time of approval of application) |
$100 |
| |
|
|
| Annual Fees |
|
| |
Annual Statement Filing Fee (billed annually, in
July) |
$100 |
| |
Annual Continuation of Certificate of Authority
(billed annually, in July) |
$100 |
| |
|
|
| Other Fees |
|
| |
Filing of Articles of Incorporation (due with amended
document) |
$25 |
| |
Filing of Bylaws (due with amended document) |
$25 |
| |
Name Reservation for Name Change (due with reservation) |
$25 |
| |
Redomestication |
No Fee |
| |
Addition/Deletion of Line of Business |
No Fee |
| |
Certificate of Deposit |
$10 |
| |
Certificate of Compliance |
$10 |
| |
Certificate of Valuation |
$10 |
| |
Service of Process (due with filing of change of
designee) |
No Fee |
| |
Replacement / Reissuance of Certificate of Authority |
$10 |
| |
|
|
| Rate and Form Filing Fees |
|
| Forms |
|
| |
Withdrawals |
$20 |
| |
Delay Adoption & Non Adoption |
$20 |
| |
Consent to Rate/Form (Initial & Individual Filings) |
$20 |
| |
Amendment to Filing- * Before effective date* |
No fee |
| |
Amendment to Filing- * After effective date * |
$20 |
| Paper & Electronic Filings: |
|
| |
Rate & Rule |
$20 |
| |
Form |
$20 |
| |
Rate/Rule/& Form |
$20 |
| “Informational” filings. |
No fee required |
| |
|
|
| Section II – Taxes |
|
| Premium Taxes on Business Written in the State (Title
36, M.R.S.A., Chapter 357). Click on the link below and scroll down to Insurance Premium Tax. |
|
| |
Maine Revenue Services Froms, Applications and Publications |
|
| |
|
|
| Life Insurance or Annuities issued in connection
with the funding of qualified retirement plans are exempt from
tax. |
| |
|
|
| Section III – Deposit Requirements |
|
| |
|
|
| General Deposit to operate in state (in place at
time of admission in any admitted state) |
$100,000 |
If you have any questions or need assistance, please contact Kendra Coates at
Phone: (207) 624-8495
Fax: (207) 624-8599
Email: Kendra.l.Coates@maine.gov
