Surplus Lines Semi-Annual Premium Tax

 

Beginning with the August 1, 2017 semi-annual filing all surplus lines producers are required to utilize the NAIC OPTins (http://www.optins.org/) filing system (please refer to Bulletin 239).  All required forms are located within the NAIC OPTins filing system.

Indiana’s surplus lines premium tax rate is 2.5% of gross premiums. Surplus lines premium tax is payable semi-annually on or before February 1st and August 1st. 

If the surplus lines tax payment is not received by the appropriate deadline, a 10% penalty will be assessed on any amounts received after the first of the month. 

Semi-annual tax reports are required even if no business has been written for the past six months.

Should you have any questions, please contact Amber Hurley at ahurley@idoi.in.gov or (317) 233-9998.