The Alaska Division of insurance modified the reporting requirements for all surplus lines transactions starting in 2013. All new and renewal policies effective January l, 2013 and later including all endorsements and audits invoiced January 1, 2013 or later, must be reported on a the Quarterly Report sent to the Division with the taxes and fees paid by ACH on or before the due dates listed below. If a due date falls on a weekend or a holiday, the due date will be the next business day.
Months: Due Date:
January – March June 1
April – June September 1
July – September December 1
October – December March 1 of the following year
In order for an ACH debit payment to be deposited in the State of Alaska’s bank account and considered on time, the payment must be initiated before 12:00 noon Alaska time the day before the due date.
Contact Jeff Bodine at (907) 465-4609 or jeff.bodine@alaska.gov or Rebecca Nesheim at (907) 465-2584 or rebecca.nesheim@alaska.gov for further information.
The insurance licensing information provided on this blog is not legal advice and the reader is advised to consult an attorney regarding application of this information in any particular situation.
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