S.L. 403.4 Art. 3Payment of application fees.

Any person -

(a) applying for an authorisation in respect of a matter of a description specified in the First Column of Group A or Group B or Group D of Part I of the Schedule; or

(b) applying for a permit in respect of a matter of a description specified in the First Column of Group C of Part I of the Schedule; or

(c) applying for approval in respect of a matter of a description specified in the First Column of Group E of Part I of the Schedule, shall upon submission of the application, irrespective of whether the application is eventually accepted or not, pay to the competent authority the fee relating to the matter of the description to which the application relates specified in the Second Column of the respective Group of that Part of the Schedule subject, where applicable, to the payment of the minimum fee relating to the matter of that description specified in the Third Column of that respective Group:

Provided that, where a person is already authorised to carry on business of insurance and such person applies for the authorisation of additional classes of business in the same business as already authorised, the applicable fee shall be that relating to the matter of the description to which the application relates as specified in the Second Column of Part I of the Schedule, and the minimum fee shall not apply in such case.