STATE OF CALIFORNIA
DEPARTMENT OF INSURANCE

PROPOSED NEW SCHEDULE OF FEES AND CHARGES
Effective 1-1-2004

The new applicable fees, relating to Certificates of Authority for California Gift Annuities, effective 1-1-2004, for "Grants and Annuities Societies" (public charities), generally have increased by 10%. [California Law permits the Department of Insurance to increase its Fees by ten percent (10%) a year, without first obtaining permission from the California State Legislature].

Law Section	Item	Effective 1/01/2003 OLD Fees	Effective 1/01/2004 NEW Fees
11520.5	Filing Fee	$3,272.00	$3,599.00
11520.5	Annual Renewal Fee **
1601	Appointment of agent for Service of Process	55.00	61.00
	Filing Fee per Agreement	60.00	60.00 (?)***
Other Fees
11520.5(d)(1)	Amended Certificate of Authority	219.00	241.00
11520.5(d)(3)	Withdrawal of Certificate Holder	656.00	722.00
924 & 10970	Late Filing Fee	545.00	600.00
924	Add'l late filing fee (per month)	656.00	722.00
11520.5)d)(2)	Amendments to Articles of Incorporation	164.00	180.00
*** Note: The basic fee is $60 (where up to 10 agreements are filed within any calendar quarter). Thereafter, within each calendar quarter, goes as follows (based on number of new agreements being filed): 50 percent of the basic fee for 11 to 20 agreements filed; 20 percent of the basic fee for 21 to 30 agreements filed; 10 percent of the basic fee for 31 to 40 agreements filed; and 5 percent of the basic filing fee for 41 or more agreements filed.

You may find this formula (except for the basic fee amount of $ 60) at California Insurance Code sec. 11522, available on the web at ...

www.leginfo.ca.gov/cgi-bin/displaycode?section=ins&group=11001-12000&file=11522

** Annual Statement Filing Fee, there is no flat filing fee; rather the licensee is charged an in-house examination fee for the review of the statement (presently assumed to be: $101.00). Fee Schedule does not make it clear whether the "Annual Renewal Fee" and "review of the annual statement" is the same thing.

Except for "Filing Fee per Agreement", these new fees are found on the web at . . .

www.insurance.ca.gov/budgets/2004FeeSchedule.pdf

Note: The above listing was created from the full 8-page Proposed 1-1-2004 Fee Schedule of CA Insurance Dept. found on CA Insurance Dept. web site at URL shown immediately above. The reader should verify data shown with the California Insurance Dept. before using same. Fees for submission of copies of CA CGA agreements in force are NOT found in Proposed Fee Schedule published by CA Dept. of Insurance.

CA Dept. of Insurance Contact for Grants and Annuities Societies (public charities) is:

Carol Harmon, Esq., Corporate Affairs Bureau, State of California Dept. of Insurance,
45 Fremont Street, San Francisco, CA 94105, Phone: (415) 538-4420

The user of this information is solely responsible for determining and verifying the accuracy of the data presented here and how it is used by the reader. This information is provided solely as a resource.

Click here to see the Master Set of 6 Gift Annuity Agreements (offered by Planned Giving Resources, Inc.) that will work in all 50 states (with the addition of the "Extra Wording" state specific "disclosure language" that is now required by 30 states.)

STATE OF CALIFORNIA DEPARTMENT OF INSURANCE PROPOSED NEW SCHEDULE OF FEES AND CHARGES Effective 1-1-2004

STATE OF CALIFORNIA
DEPARTMENT OF INSURANCE

PROPOSED NEW SCHEDULE OF FEES AND CHARGES
Effective 1-1-2004