The Premium Tax and Fees Section is responsible for the tax regulation of all insurance companies, whether admitted or non-admitted, that are authorized, approved, or registered to transact business in the state of Delaware. This includes responsibility for the timely preparation, collection, recording, analysis, and reporting of all insurance premiums, taxes, and fees; and for ensuring company compliance with Delaware insurance tax laws and other applicable laws in the Delaware Code. In addition, all Risk Purchasing Group applications for registration are reviewed by the Premium Tax and Fees Section, and Risk Purchasing Group regulation falls to this Section of the Department. Another function of the Premium Tax and Fees Section is the regulation of Surplus Lines brokers, including policy reporting and compliance enforcement, along with the collection of surplus lines premium tax.
Now that OPTins offers both ACH Credit and ACH Debit as payment options, the Delaware Insurance Department even more strongly encourages all companies – including tax-exempt companies that pay annual renewal fees – to use OPTins to submit Delaware premium tax and annual renewal forms and payments electronically. OPTins is the preferred method for submitting calendar year 2015 annual premium tax and fees, however, OPTins is not mandatory at this time.
Visit these websites and/or download the PDFs if you have questions about any of the following Premium Tax Related topics:
Delaware Domestic Insurers’ Privilege Tax
Employer / Trust Owned Life Insurance
Fire Tax Information
Franchise Tax (Note: Div. of Corporations collects Franchise Taxes)
Fraud Prevention Bureau Fee Information
Guaranty Fund Credits « UPDATED
Mutual Benefit Associations
Workers’ Compensation and Employers’ Liability Insurers
NEW CY 2014 Premium Tax and Annual Renewal Forms
Admitted Insurers (Life, Accident, Health; Property-Casualty, and Title Companies)
CALENDAR YEAR 2014 ANNUAL PREMIUM TAX AND FEES REPORTS
ATTENTION ALL COMPANIES SUBJECT TO TAXES SPECIFIED IN 18 Del. C. Sections 702 & 703; including admitted Alien (U.S. Branch) Insurers; Foreign and Domestic Property-Casualty, Life, Accident, Health Insurers and Medicare Prescription Drug Plan Providers; Foreign Risk Retention Groups, and Title Insurers:
THE CALENDAR YEAR 2014 ANNUAL PREMIUM TAX AND FEES REPORTS (WORKING FORMS T-1 THROUGH T-8) FOR BOTH FOREIGN AND DOMESTIC INSURERS ARE AVAILABLE AT THE LINKS BELOW. MANY ARE NOW IN MS EXCEL® AND MAY BE SUBMITTED ELECTRONICALLY AS AN EMAIL ATTACHMENT. PLEASE FOLLOW ALL INSTRUCTIONS CAREFULLY.
Risk Retention Groups (RRG) Foreign Only. Delaware domestic RRGs use Captive Form
Wet Marine and Transportation Insurance
NOTICE: ONLY THOSE COMPANIES THAT HAVE WRITTEN WET MARINE AND TRANSPORTATION INSURANCE IN THE UNITED STATES DURING ANY OF THE PAST THREE YEARS ARE REQUIRED TO SUBMIT THIS FORM.
If your company has not written Wet Marine and Transportation Insurance as defined in Title 18, Delaware Code, Section 702 and Section 907, in any of the United States, in any of the past three years, the company is NOT required to file this tax form.
NOTE: ZERO REPORTS ARE NOT REQUIRED. DO NOT SUBMIT ZERO REPORTS.
CY 2015 Quarterly Prepayment Forms
Prior Year Tax Forms for Amendments (due during 2014)
Forms for amendments can be obtained by clicking the link above labeled “Amendments”.
Tax and Renewal questions may be directed to