Can the fee for an application or renewal for a surplus lines license be modified?

The fee for an application or renewal for a surplus lines license can indeed be modified by the department through regulation. This reflects the administrative flexibility that regulators have to adjust fees based on changing conditions, operational costs, or policy priorities. It allows the regulatory body to ensure that the fees remain appropriate and reflective of current fiscal needs and market conditions.

The ability to modify fees through regulation is important because it enables the department to respond to the needs of the industry and the public effectively. Such modifications are typically carried out in accordance with established procedures, ensuring transparency and accountability in the regulatory process. Therefore, this answer emphasizes the dynamic nature of regulation within the surplus lines market.