The Delaware Department of Insurance published a bulletin announcing an update to premium tax payment requirements for surplus lines brokers.
All admitted and approved domestic and foreign insurers, including foreign risk retention groups, risk purchasing groups, accredited reinsurers, and surplus lines brokers are subject to Delaware's statutory requirements for paying premium taxes.
The estimated premium taxes imposed under Title 18 for surplus lines brokers must be paid according to the schedule below. Any remaining balance must be paid on March 1st the following year.
| Due Date | Percent to be paid |
| April 15 | 50% |
| June 15 | 20% |
| September 15 | 20% |
| December 15 | 10% |
Taxes owed under Title 18 §§ 1925 and 1926 should be paid quarterly on April 30, July 30, October 30, and January 30. If any of the dates falls on a weekend or holiday, the payment is due on the next business day.
Payment must be submitted on OPTins through Working Form T-9. Failure to pay premium taxes will result in penalties.
The bulletin can be found here.