Effective July 1, 2010, New Hampshire increased the surplus lines tax from 2% to 3%.
Each licensed surplus lines producer must file a sworn statement with the commissioner no later than January 31st of each year. The statement must report all of the gross premiums charged for insurance procured or placed and the gross return premiums on cancelled insurance under the license during the previous year ending on December 31.
Along with the statement, the producer must pay an amount equal to 3 % of the gross premiums less any return premiums. The payment must be reported to the state treasurer.
The insurance licensing information provided in this blog is not legal advice. The reader is advised to consult an attorney regarding application of this information in any particular situation.
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