58-22-70. Registration and renewal fees.
Every risk retention group and purchasing group that registers with the Commissioner under this Article shall pay the following fees:
| Risk retention group registration....................................................... $ | 500.00 |
| Purchasing group registration............................................................ | 500.00 |
| Risk retention group renewal............................................................. 1,500.00 | |
| Purchasing group renewal................................................................. | 100.00 |
Registration fees shall not be prorated and must be submitted with the application for registration. Renewal fees shall not be prorated and shall be paid on or before January 1 of each year.