Surplus lines insurance taxes by state. Sep 1, 2025 · Learn surplus lines tax by state, including state-specific rules, exemptions, and how they affect insurance coverage and costs across the U. Understanding these costs is crucial for you when you want to keep your insurance with Surplus lines. Dec 28, 2023 · These Surplus lines charges are there because they are taxes and fees that are levied on insurance policies. What are The Surplus Lines Taxes? Readers should consult state law for further details and for the most current information. 2. states and territories including stamping fees, surcharges, and regulatory fees. InsCipher has prepared this information based on research conducted. Comprehensive guide to surplus lines insurance tax rates, fees, associations, export lists, and industrial insured exemptions by state. Jun 30, 2025 · Small and mid-size states like Washington, Georgia and Oregon are among the most responsive. Last Update: 03/17/2025 Updates to the information will be noted with a "*" next to the state name and edits will be italicized and bolded. All three use the Surplus Lines Information Portal (SLIP), a secure online system that streamlines the submission and management of E&S taxes and stamping fees. The taxes and fees are regulated by state law and vary across jurisdictions. 4% premium tax plus 3%, wind pool fee, plus 0. Model Laws, Regulations, Guidelines and Other Resources—Summer 2022 OF SURPLUS LINES AND INDEPENDENTLY PROCURED INSURANCE TAX ON MULTI-STATERISKS MODEL REGULATION The Surplus Lines Tax Filing Handbook is a collection of all tax filing information for all 50 states in one place! Tax Filing and Reporting Procedures Excel download Wholesale Fees Identifies state guidance and restrictions regarding the ability of a wholesale insurance broker to charge fees in addition to the surplus lines premium, including state guidance related to broker, policy, inspection, service or any other fees as they pertain to the wholesale broker. Mar 17, 2025 · Surplus Lines Chart The chart below identifies each state's requirements for a surplus lines carrier for corporate changes. SLAUT will send monthly statement for tax payment . . For example, California has a flat tax rate, while Texas has a tiered system. Feb 23, 2016 · The regulations and requirements for placing an insurance policy using surplus lines vary from state to state and can be confusing. Calculate surplus lines insurance taxes and fees accurately for all states. Our comprehensive calculator handles complex multi-state scenarios and ensures compliance with varying state requirements. S. Find detailed information for all U. It is the broker's responsibility to determine if an insured/policy is Tax Exempt in each state. 5% additional tax on fire portions of surplus lines payments (annually). Oct 27, 2020 · Use the following to help determine the proper procedure for Tax Exemptions. 25% stamping fee, payable by broker or agent. Note: As of 10/1/2012 the NIMA states are FL, LA, UT, SD, WY and PR. Each state has its own regulations and requirements for surplus lines tax, making it important for insurance professionals to understand the differences between states. 25% stamping fee (0% stamping fee if policy is filed electronically) and 2. We are providing it to you to use as a tool to help you determine how to handle Tax Exempt policies. 75%, plus 0. Some states have a flat tax rate for surplus lines, while others have a tiered system based on the type of insurance policy. wzso6 ls66 uws jpzpwo uj5o 6jmxq 2gsf 0ba frpbw ed5a