(a) The department may establish the following fees by rule:

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Terms Used In Tennessee Code 62-43-107

  • Department: means the department of commerce and insurance. See Tennessee Code 62-43-102
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
  • Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
(1) Initial application fee;
(2) Initial registration fee, which includes a fee for limited registration, as applicable; and
(3) Renewal registration fee.
(b) No fee charged pursuant to this section shall exceed the amount reasonably necessary for the administration of this chapter. All fees collected by this state pursuant to this chapter shall be used by the department to implement and administer this chapter. The fees shall be deposited in a reserve for such purposes and the principal and interest of the reserve shall not revert on June 30 of any year.
(c) Fees under this section shall be:

(1) Remitted with the application or with the hearing request;
(2) Payable to this state; and
(3) Nonrefundable.
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