§431:10C-115 Drivers education fund underwriters fee. (a) The commissioner shall assess and levy upon each insurer, and self-insurer, a drivers education fund underwriters fee of $3 a year on each motor vehicle insured by each insurer or self-insurer. This fee is due and payable on an annual basis by means and at a time to be determined by the commissioner.
(b) The commissioner shall deposit the fees into a special drivers education fund account.
(c) The commissioner shall allocate the fees deposited for each fiscal year in the following manner:
(1) $1 per registration to the commissioner to be expended for the operation of the drivers education program provided in section 286-128(d); and
(2) $2 per registration to the director of commerce and consumer affairs for:
(A) The drivers education program administered by the department of education for high school students; and
(B) The traffic safety education program established and administered by the department of education pursuant to section 302A-417.
(d) Motor vehicles insured under the joint underwriting plan shall be excluded from the drivers education fund assessment.
(e) The commissioner shall adopt rules in accordance with chapter 91 for the execution of this section and the distribution of this fund. [L 1987, c 347, pt of §2; am L 1989, c 208, §3; am L 1992, c 254, §3; am L 1993, c 280, §27; am L 1995, c 204, §2; am L 1996, c 89, §15 and c 243, §1; am L 1997, c 368, §6; am L 2000, c 24, §7; am L 2002, c 242, §1]
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