1. (1) The purpose of this rule is to prescribe:

   1. (a) the amount of the stamping fee;
   2. (b) the accounting and reporting forms and procedures to be used in calculating the surplus lines premium tax and the stamping fee; and
   3. (c) the entities authorized to examine a surplus lines transaction and collect and receive the surplus lines premium tax and the stamping fee.

2. (2) This rule applies to:

   1. (a) a surplus lines insurer, a surplus lines producer, and a policyholder required to pay a premium tax and stamping fee;
   2. (b) the advisory organization authorized to examine surplus lines transactions; and

   3. (c) the commissioner's authorized agent responsible for:

      1. (i) collecting the stamping fee and premium tax; and
      2. (ii) remitting the premium tax to the commissioner.

KEY: insurance fee, taxes

Date of Last Change: March 16, 2022

Notice of Continuation: December 23, 2022

Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-3-303; 31A-15-103