(2) Subject to subsections (3) and (4), a fee paid for a license shall be refunded in respect of any unexpired second and third years of the license in the following circumstances:

(a) where the licensee is an individual, upon the death, retirement or withdrawal of sponsorship of the licensee, unless a new application has been received by the Superintendent within twenty (20) days of the sponsorship termination date;

(b) where the licensee carries on business as a partnership, corporation or under a business name, upon sale of the business, partnership or corporation.

(3) The amount of any refund pursuant to subsection (1) shall be one-third of the license fee for each full unexpired year of the term of the license.

(4) No refund is payable pursuant to subsections (2) and (3) unless

(a) an application for the refund is made in writing within a period of not later than one year immediately following the date of death, retirement, withdrawal of sponsorship or sale mentioned in subsection (2);

(b) the license is returned to the Superintendent before or upon the application for the refund;

(c) the license has not otherwise been suspended, cancelled or revoked by the Superintendent; and

(d) a new license application has not been received by the Superintendent reflecting a change in sponsorship.

(5) The fee payable on application for a transfer of sponsorship of an agent or agency is $50.
Subsection 9(5) added: O.I.C. 2000-235, N.S. Reg. 81/2000.

Fee increases for The office of the Superintendent of Insurance, Effective April 01, 2004
Certificate of Authority $10.65
Examination $53.25
Supplemental Examination $26.63
Transfer of Sponsorship $53.25
Licensing of Agents $319.50 (3 year renewal)
$213.00 (LLQP Transitional Licenses - 2 years)
Licensing of Agencies $319.50 (3 year renewal)     [ top ]
Licensing of Adjusters
Level I - IV $319.50 (3 year renewal)
Level V $319.50 (3 year renewal)

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