S.L. 403.26 Art. 7Fee in relation to additional classes of the business of insurance and, or reinsurance. 

(1) Where an undertaking, a company or a cell as referred to in regulations 3, 4, 5 or 6 that is authorised to carry on one

(1) or more classes of long term and, or general business falling under the business of insurance and, or reinsurance intends to:

(a) carry on one (1) or more of the same classes of long term and, or general business falling under a different type of business, be it the business of insurance or reinsurance; and, or

(b) carry on one (1) or more additional classes of long term and, or general business, be they falling under the business of insurance and, or reinsurance;

it shall, upon submission of an application to the competent authority to modify its authorisation accordingly, pay to the competent authority the application fee established in the said regulations, as applicable, which application fee shall be reduced by twenty-five percent (25%):

Provided that in any such case, the minimum application fees established in the First Schedule shall not apply.

(2) Where an undertaking, a company or a cell as referred to in regulations 3, 4, 5 or 6 that is authorised to carry on one (1) or more classes of long term and, or general business falling under the business of insurance and, or reinsurance intends to cease to carry on one (1) or more, but not all, such classes under the business of insurance or reinsurance or, where applicable, under both such businesses, it shall upon the submission of a request to the competent authority to modify its authorisation accordingly, pay to the competent authority a modification fee of one thousand euro (€1,000).