Section 14. He shall collect from the applicant and pay to the commonwealth charges and fees to be determined annually by the commissioner of administration under the provision of section three B of chapter seven for the following:

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Terms Used In Massachusetts General Laws ch. 175 sec. 14

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • annuity contract: when used in this chapter, except in sections one hundred and twenty-nine, one hundred and thirty and one hundred and thirty-two, shall include a group annuity contract unless the context otherwise requires or a different meaning is specifically prescribed. See Massachusetts General Laws ch. 175 sec. 132E
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Service of process: The service of writs or summonses to the appropriate party.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Trustee: A person or institution holding and administering property in trust.

For each examination prior to granting a license or a certificate of authority to issue policies of insurance or annuity or pure endowment contracts as provided in sections four and thirty-two;

For the valuation of life policies of a domestic company as provided in section nine;

For each certificate issued under section sixteen; provided, that such certificates shall be issued without charge for the use of the commonwealth;

For each certificate under section thirty-two;

For the valuation of each outstanding group annuity contract issued by a domestic company including all annuity benefits evidenced by certificates issued thereunder, and a like sum for the valuation of each annuity contract other than a group annuity contract;

For each special license under clause (g) of section fifty-one or section fifty-four;

For each certificate issued by the commissioner under section seventy or section seventy-one;

For filing copy of charter or deed of settlement of each foreign company under section one hundred and fifty-one;

For filing copy of charter, amendment, or amended charter or deed of settlement of each foreign company;

For filing financial statement with the application for admission of a foreign company under section one hundred and fifty-one, and for filing each annual statement of a foreign company under section twenty-five, and for the auditing of each financial statement of an unadmitted foreign company filed for the purpose of qualifying as a reinsurer under clause (b) of section twenty;

For each service of legal process upon him as attorney for a foreign company under section one hundred and fifty-one and section one hundred and fifty-four; provided that such fee shall not be required for the service of process in any criminal proceeding;

For each license or renewal thereof to an insurance agent of any company under section one hundred and sixty-three;

For each license or renewal thereof to an insurance producer under sections 162M and 162N.

For each license or renewal thereof to a reinsurance intermediary broker under section one hundred and seventy-seven L;

For each license or renewal thereof to an adjuster of fire losses under section one hundred and seventy-two;

For each license or renewal thereof to an insurance adviser under section one hundred and seventy-seven B;

For each license or renewal thereof to a voluntary association under section one hundred and seventy-two A, to a partnership under section one hundred and seventy-three or to a corporation under section one hundred and seventy-four, the fees hereinbefore prescribed for like licenses issued to individuals under section 162M, 162N, one hundred and sixty-eight or one hundred and seventy-two, for each trustee, partner or officer to be covered by the license;

For each certificate of the valuation of life policies or annuity contracts, or both, of any life company issued under section nine for each certificate of the examination, condition, or qualification of a company;

For each copy of any paper on file in the office of the commissioner and for copies of tabulations and for certifying the same;

For each policy form submitted for approval, including endorsements, applications and riders filed therewith;

For each certificate endorsement, application or rider filed for approval separate from a policy form;

For each license issued or renewed in accordance with the provisions of the fourth clause of section one hundred and fifty-one;

For each duplicate of a license issued under any section of this chapter.

For each insurance agent appointment or renewal thereof under section 162S;

All other fees and charges due the commonwealth for any official act of service of the commissioner.

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