(1) The commissioner authorizes the Surplus Line Association to act as the commissioner's agent for:
- (a) collecting and remitting the premium tax imposed under Section 31A-3-301 on an insurance transaction subject to Sections 31A-15-103, 31A-15-104, and 31A-15-106;
- (b) examining surplus lines transactions under Section 31A-15-111;
- (c) collecting the stamping fee authorized under Subsection 31A-15-103(11); and
- (d) prescribing the forms and procedures that surplus lines producers may use.
- (2) The Surplus Line Association shall remit all premium taxes it collects according to Section R590-157-6.
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