The commissioner shall set the fee for a registration certificate application not to exceed ______.

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Multiple Choice

The commissioner shall set the fee for a registration certificate application not to exceed ______.

Explanation:
Regulators set fee caps to balance covering the regulatory costs with keeping the process affordable for applicants. The commissioner has theauthority to establish an upper limit on what a registration certificate application can cost. In this rule, that maximum is $100, so the fee cannot exceed that amount. The other numbers are higher than the allowed cap, so they don’t fit the rule.

Regulators set fee caps to balance covering the regulatory costs with keeping the process affordable for applicants. The commissioner has theauthority to establish an upper limit on what a registration certificate application can cost. In this rule, that maximum is $100, so the fee cannot exceed that amount. The other numbers are higher than the allowed cap, so they don’t fit the rule.

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