The Georgia Office of Commissioner of Insurance and Safety Fire (OCI) published a bulletin announcing a change in FAIR plan member company tax filing requirements.Previously, the member companies received a refund for the tax paid for their portion of the Georgia Underwriting Association (GUA) premiums written and then would have to file with the OCI the amount on their Annual Premium Tax Return.From now on, GUA will file and pay taxes owed directly to OCI. Insurers should be aware to no longer include the tax associated with the FAIR plan on the GID-203-PT. If they included the amount on their Schedule T, they can list it as a negative on the GID-203-PT so it balances out to zero. Companies not in compliance may end up paying the tax twice.The bulletin can be found here.
A discussion of a news release published by the Oregon Division of Financial Regulation announcing new consumer protection laws.
A discussion of a bulletin published by the Pennsylvania Insurance Department announcing the increase.
A discussion of a news release published by the Washington Office of the Insurance Commissioner providing information on the data call.
A discussion of a bulletin published by the ND Insurance & Securities Department informing insurers of the new requirements.
The Washington Office of the Insurance Commissioner has issued an emergency order due to the recent Atmospheric River and resultant flooding.
A discussion of a bulletin published by OSI reminding insurers of the requirements.
A discussion of a bulletin published by the Missouri Department of Commerce & Insurance providing information to insurers of the tax credit program.
New Mexico has issued an amended bulletin to provide correct information.