Any individual who is licensed as an insurance broker or an insurance agent on October 1, 1989, shall pay a fee of ten dollars which shall be credited to the Brokered Transactions Guaranty Fund. Any individual who receives an insurance broker's license or an insurance agent's license for the first time prior to June 3, 1996, or an insurance producer's license for the first time on or after June 3, 1996, shall pay a fee of ten dollars, in addition to all other fees payable, to be credited to the Brokered Transactions Guaranty Fund.
(P.A. 89-106, S. 2; P.A. 96-193, S. 25, 36.)
History: P.A. 96-193 substituted “producer” for “agent” and “broker” re licenses, effective June 3, 1996.
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