| State |
Statutory Citation to Insurance Code |
Tax Rate Applied |
Alabama |
§27-10-31 |
6% (annually) |
|
Alaska |
§21.33.055
§21.34.180
§21.34.190 |
2.7% (+1% filing fee) (quarterly)
0.75% (wet marine) (annually) |
|
Arizona |
§20-415
§20-416 (a) |
3% (semi-annually) (+ 0.20% stamping fee).
Multi-state risks (quarterly) |
|
Arkansas |
§23-65-315 |
4% (within 60 days following the calendar quarter that the business was transacted) |
|
California |
§1775.5
§1775.1(a) |
3% (+ stamping fee of 0.18%, effective Jan. 1, 2023)
(monthly or annual based on prior year tax liability). |
|
Colorado |
§10-5-111 |
3% (effective Jan. 1, 2024) |
|
Connecticut |
§38(a)-743 |
4% (quarterly) |
|
Delaware |
§1925 |
3% |
|
District of Columbia |
§31-2502.40 |
2% (semi-annually) |
|
Florida |
§626.932
§626.921(f)
§626.9325 |
4.94% (not wet marine and transportation), plus 0.06% service fee paid by the insured to the surplus lines agent, who remits to the FSLSO. |
|
Georgia |
§33-5-31 |
4% (quarterly) |
|
Hawaii |
§431:8-315 |
4.68% (quarterly) |
|
Idaho |
§41-1229 |
1.50% (+ stamping fee of 0.50%) (annually) |
|
| Illinois |
215 ILCS 5/445 |
3.5% (+ up to 1% fire marshal tax) (semi-annually)
0.04% stamping fee (effective Jan. 1, 2023) (monthly) |
|
Indiana |
§27-1-15.8-4 |
2.5% (annually) |
|
Iowa |
§515I.3(2)
§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 |
§40-246c |
3% (effective Jan. 1, 2024) (annually) |
|
Kentucky |
§304.10-180 |
3% plus 1.8% surcharge, payable by broker (annually) |
|
Louisiana |
§22:439 |
4.85% (quarterly) |
|
Maine |
Title 24-A §2016
Title 36 §2531 |
3% (applied retroactively to Jan. 1, 2023) of difference between gross premiums and return premiums (within 45 days of end of each quarter and annually) |
|
Maryland |
§3-324, 3-325 |
3% (quarterly and semi-annually) |
|
Massachusetts |
Ch. 175 §160
Ch. 175 §168
Ch. 175 §168A |
4% (annually) |
|
Michigan |
§500.1905(3)(d) |
2% (+ regulatory fee of 0.5% on premiums written in the state) (semi-annually) |
|
Minnesota |
§297I.05(7)(a) |
3%, less returns and dividends, plus .04% stamping fee (effective Oct. 10, 2016) (.06% for transactions with an effective date on or after 1/1/2013 to 9/30/2016) (payable by individual licensee bi-annually) |
|
Mississippi |
§83-21-25 |
4% premium tax plus 3%, wind pool fee, plus 0.25% stamping fee, payable by broker or agent. |
|
Missouri |
§384.059, §384.061 |
5% (annually) |
|
Montana |
§33-2-311, §33-2-705(2), §33-2-321, §50-3-109(1) |
2.75%, plus 0.25% stamping fee (0% stamping fee if policy is filed electronically) and 2.5% additional tax on fire portions of surplus lines payments (annually). |
|
Nebraska |
§44-5506
§81-523 |
3% (quarterly) |
|
Nevada |
§685A.180(1)
§680B.027(1) |
3.5% (+ 0.4% stamping fee applicable to all premiums) (quarterly) |
|
New Hampshire |
§405:29 |
3% (annually) |
|
New Jersey |
§17:22-6.59 |
5% (quarterly) |
|
New Mexico |
§59A-6-2 |
3.003% (quarterly) |
|
New York |
§2118(d)(1) |
3.6% (+ 0.15% stamping fee payable to ELANY on all excess lines placements) (Additional fee of $25 for late/erroneous filing). |
|
North Carolina |
§58-21-85 |
5% (filing dates vary for resident and non-resident agents) plus a 0.3% stamping fee (effective Jan. 1, 2023) payable to the NC Surplus Lines Assn. |
|
North Dakota |
§26.1-03-17
§26.1-44-03.1
§26.1-44-06 |
1.75% (annually) |
|
Ohio |
§3905.36 |
5% (annually before March 31) |
|
Oklahoma |
36 §§629
1115 |
6% (on or before end of month following calendar quarter)If premium tax of previous year greater than $1000, remit quarterly estimates. |
|
Oregon |
§731.820(1)
§735.470 |
2% payable by broker, and an additional 0.3% fire marshal tax payable by broker, plus $10 flat service charge applicable for each new or renewal (not endorsement) transaction. Non-admitted wet marine and transportation policies are subject to a ¾ of 1% (0.0075%) premium tax, plus a $100 flat service charge per policy (new, renewal and endorsement), payable to the Surplus Line Association of Oregon. |
|
Pennsylvania |
40 §991.1621 |
3% (+ $20 stamping fee) (annually)(Note: stamping fee becomes $45 if received after 45 days from the effective date of the placement and becomes $70 if received timely yet missing the producer affidavit). |
|
Puerto Rico |
T.26 §1013 |
9% (within 60 days). This tax does not apply to medical/hospital professional malpractice coverage. |
|
Rhode Island |
§27-3-38(d) |
4% (quarterly estimate, plus annual broker report) |
|
South Carolina |
2012 S.C.Act 283 |
6% blended rate, paid by broker online to the South Carolina DOI. The 2% municipal business tax no longer applies. |
|
South Dakota |
§58-32-44 refers to
Title 10 (Taxation)
§10-44-2(3)
§10-44-9 |
2.5% payable by broker3% for fire insurance (annually, except if more than $5,000 of surplus lines premium tax, then quarterly) |
|
Tennessee |
§56-14-113
§56-4-206 |
5% on gross premiums (less return premiums where the insurance covers an insured whose home state is Tennessee). |
|
Texas |
Ins. § 225.004 |
4.85% (+ stamping fee of .04%) (reduced from .075%, effective Jan. 1, 2024) |
|
Utah |
R 590-157-5
§31A-3-301
§31A-15-103 |
4.25% (+ 0.18% stamping office fee) (not ocean marine insurance) (due 25th day of the following month closing the quarter) |
|
Vermont |
T.8 §5035 |
3% (quarterly) |
|
U.S. Virgin Islands |
T.22 §662(a)
T.22 §603(b) |
5% (quarterly) |
|
Virginia |
§38.2-4809(A)(1)
refers to Article 1,
Title 58.1-2500 et seq.
(Taxation)
§58.1-2501(A)(1) |
2.25% (except workers’ compensation) (quarterly if premium tax liability is expected to exceed $1,500) |
|
Washington |
§48.14.020
§48.15.120 |
2% (+0.10% stamping fee)
(annually by March 1) |
|
West Virginia |
§33-12C-7 |
4.55% (quarterly) |
|
Wisconsin |
§618.43 |
3% (annual by March 1). |
|
Wyoming |
§26-11-118 |
3% (quarterly) |
