| State |
Statutory Citation to Insurance Code |
Tax Rate Applied |
Alabama |
§27-10-35(c) |
4% (within 30 days) |
|
Alaska |
§21.33.061 |
3.7% (annually)
0.75% (wet marine, transportation) |
|
Arizona |
§20-401.07 |
3% (annually)(Industrial Insurance only) |
|
Arkansas |
§23-65-103(c) |
2% (within 30 days after insurance procured,
continued or renewed) |
|
California |
§1760(b) Cal Ins. Code
Cal. Rev. & Tax Code §13201
Cal. Rev. & Tax Code §13210 |
3%
(Payable on or before the 1st day of the 3rd month following
the close of any calendar quarter during which a nonadmitted
insurance contract took effect or was renewed) |
|
Colorado |
§10-3-903(2)(d)
§10-3-209
§10-3-909
§10-5-111
§10-5-111.5 |
3% (effective Jan. 1, 2024) (annually) |
|
Connecticut |
§38a-271
§38a-277 (c) |
4% (annually)
(excluding wet marine and transportation) |
|
Delaware |
18 § 1925(b) and (e)
18 § 1926(d)
|
3% (annually)
|
|
District of Columbia |
–
|
–
|
|
Florida |
§626.938(3) |
5% plus 0.06% service fee payable to the FSLSO (Insured must also report the premium to the FSLSO through the Surplus Lines Information Portal (SLIP).) |
|
Georgia |
§33-5-33(b) |
4% (within 30 days) |
|
Hawaii |
§431:8-205(c) |
4.68% (within 60 days) |
|
Idaho |
§41-1215
§41-1229
§41-1233 |
1.5% (within 30 days of policy documents being received by the broker) |
|
Illinois |
215 ILCS 5/121-2.08 |
0.5% (+ up to 1% fire marshal tax) (file within 90 days of eff. date, pay within 30 days of filing)
0.04% stamping fee (effective Jan. 1, 2023)
|
|
Indiana |
– |
– |
|
Iowa |
§515I.10
§432.1 (4)(a) – (e) |
.975% (for the 2024 calendar year), .95% (for the 2025 calendar year), .925% (for the 2026 calendar year), and .9% (for the 2027 and subsequent calendar years) |
|
Kansas |
– |
– |
|
Kentucky |
§304.11-030
§304.11-050(1) |
2% (annually) |
|
Louisiana |
§22:439 |
4.85% (quarterly at the annual rate) |
|
Maine |
Title 36 §2531(2) |
3% (applied retroactively to Jan. 1, 2023) payable by insured |
|
Maryland |
§4-210
§4-211(b)(1) |
3% (annually) |
|
Massachusetts |
– |
– |
|
Michigan |
§500.1951 |
2%
0.5% (regulatory fee)
(within 30 days) |
|
Minnesota |
§60A.19 (subd. 8)
§297I.05 (subd. 7)(b) |
2% (annually) (except life insurance) |
|
Mississippi |
§83-5-61 |
4% premium tax and 5% non-admitted policy fee (for policies issued or renewed on or after 3/11/11; 3% for policies issued against fire, lightning or tornado) |
|
Missouri |
§384.051(6) |
5% (annually) |
|
Montana |
§33-2-705 |
2.75% (annually) |
|
Nebraska |
§44-5515, §44-5506(4)(a)
|
3% (quarterly) (only with respect to exempt commercial purchasers)
|
|
Nevada |
§680B.040
§680B.027(1) |
3.5% (within 30 days) |
|
New Hampshire |
§405-B:6
§406-B:17(III)
§406-B:17-a |
4% (annually)
2% (marine) |
|
New Jersey |
§17:22-6.64 |
5% (within 30 days) |
|
New Mexico |
§ 7-40-1 et. seq.
§59A-14-1
§59A-15-2
§59A-15-4 |
3.003% (within 90 days) |
|
New York |
N.Y. Tax Law §1551
N.Y. Tax Law §1554 |
3.6% (within 60 days after end of quarter in which business was procured) |
|
North Carolina |
§58-28-5(b) |
5% (within 30 days) |
|
North Dakota |
§26.1-44-10
§26.1-44-03.1
|
1.75% (annually)
|
|
Ohio |
§3905.36 |
5% (annually) |
|
Oklahoma |
§1115(B)(1) |
6% (annually) |
|
Oregon |
§ 735.417
§ 735.470
|
2% state premium tax plus 0.3% fire marshal tax, payable by insured. Each policy is also subject to a $10 flat service charge, payable to the Surplus Line Association of Oregon. (Insured must also file a written report with Oregon Director, within 30 days after insurance was procured, showing name and address of insurer; the subject of the insurance; the amount of the premium charged; and any additional pertinent information reasonably requested by the Director).
|
|
Pennsylvania |
§40-15-122(b) |
3% (within 30 days) |
|
Puerto Rico |
T.26§702
T.26§702c
T.26§1020 |
6% (3% on annuity renumeration) (only applies to insurers. For taxable years beginning after December 31, 2012, there shall be imposed a special 1% tax on the premiums of every insurer, in addition to the 6% tax on premiums, and to any other tax imposed under this Code. For purposes of this special tax, the term “premiums earned” refers to the net reinsurance premiums written according to the Insurer Annual Report filed with the Office of the Insurance Commissioner, pursuant to the rules of the NAIC. (Premiums earned on Medicare Advantage, Medicaid, and premiums earned on the “Mi Salud” Program or on annuities are exempted from the special 1% tax)).15% of the total premium charged by the unauthorized insurer. (to be withheld by the insured and paid within 30 days after the effective date of the policy. This tax does not apply to medical/hospital professional malpractice coverage). |
|
Rhode Island |
§27-3-38.1
|
4% (Insured must also file written report with the tax administrator, in a form that he or she may prescribe, within 30 days after the date the insurance was procured, continued or received)
|
|
South Carolina |
– |
– |
|
South Dakota |
§58-32-47
§58-32-50 |
2.5% (within 30 days) |
|
Tennessee |
§56-2-411 |
5% (paid at the same time, in the same manner, and at the same rate as the tax levied on surplus lines insurance) |
|
Texas |
§226.053(a) |
4.85% (annually) |
|
Utah |
§31A-15-104
§31A-3-301 |
4.25% (within 60 days)
(excluding ocean marine, insurance premiums paid by institutions within the state system of higher education, and annuities) |
|
Vermont |
§5036(c) |
3% (annually) |
|
U.S. Virgin Islands |
§603(b) |
5% (quarterly) |
|
Virginia |
§38.2-1802(A) |
– |
|
Washington |
– |
– |
|
West Virginia |
– |
– |
|
Wisconsin |
§618.42
§618.43(1)(a) |
3% (within 60 days) |
|
|
Wyoming
|
§20-11-118
§26-11-124
|
3% (quarterly)
|
