400-A:31 General Premium Tax: Report.
I. Every authorized insurer and each formerly authorized insurer shall, on or before March 15 of each year, or within any reasonable extension of time therefor which the commissioner may for good cause have granted on or before such date, file with the commissioner a report in such form as prescribed by the commissioner showing all gross direct premiums, including policy, membership and other fees and assessment, policy dividends applied in payment for insurance and all other considerations for insurance received by it during the next preceding calendar year on account of policies covering property, subjects, or risks located, resident or to be performed in this state after deducting from such total return premiums or dividends actually returned or credited to policyholders.
(a) As to title insurers, that portion of the premium chargeable to title search and examination services as reasonably determined by the commissioner may be deducted from such total.
(b) In determining the amount of such gross direct premiums taxable in this state, all such premiums or other considerations written, procured or received in this state shall be deemed written on property, subjects or risks located, resident or to be performed in this state except such premiums or other considerations as are properly allocated or apportioned and reported as taxable premiums of any other state or states, and except such premiums or other considerations written on property, subjects or risks located, resident or to be performed anywhere outside the United States of America.
II. The report shall be verified by oath or affirmation of the insurer's president, vice-president, secretary, treasurer, or manager.
III. The commissioner may require at any time verified supplemental statements with reference to any matter pertinent to the proper assessment of the tax.
Source. 1971, 244:1. 1977, 600:42. 1979, 360:12. 1981, 111:1. 2002, 207:1. 2010, 13:7, I, eff. July 1, 2010.