(1) The commissioner shall, by rule, set reasonable fees and penalties for the following: (a) Insurance producer license; and (b) Continuation of license. (2) All fees payable to the commissioner pursuant to this section shall be nonrefundable. Fees shall be set at the levels necessary to ensure that revenues from such fees, together with revenues from all other fees and taxes collected by the division of insurance in any fiscal year, do not exceed the division's actual direct and indirect costs of operation for that year.
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