The Nebraska Department of Insurance has implemented OPTins (Online Premium Tax for Insurance) for insurance companies beginning with the 2012 quarterly tax return. This is Nebraska’s required method of filing tax returns beginning with calendar year 2012 premium tax filing requirements.

Prepayment filing and payment is only required for those companies reporting on a current year basis or for those companies reporting on a prior year basis that had a premium tax liability of $4,000 or greater for the 2011 tax year.

OPTins for the 2012 filing requirements will be available February 9, 2012. Instructions are available at http://www.optins.org.

Once registered and set up, companies will be able to log in, upload the filing forms and submit the payment online. Electronic payments can be either ACH debit or ACH credit. To implement OPTins, contact the OPTins Marketing Team at optinsmktg@naic.org or call (816) 783-8787.

Questions or comments should be directed to Terry Sindelar, Assistant Chief Examiner, at Terry.Sindelar@nebraska.gov.

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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