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CT SB00975
Bill
Status
2/16/2011
Primary Sponsor
Insurance and Real Estate Committee
Click for details
AI Summary
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Repeals and replaces Section 38a-743 of general statutes regarding premium tax payments by licensed insurance persons, firms, associations, and corporations.
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Changes premium tax payment due dates from the first to the fifteenth of May, August, November, and February for quarterly reporting periods.
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Authorizes the Insurance Commissioner to enter into the National Association of Insurance Commissioners' Nonadmitted Insurance Multistate Agreement to facilitate collection, allocation, and disbursement of premium taxes under the Nonadmitted and Reinsurance Reform Act of 2010.
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Allows uniform methods of allocation and reporting among unauthorized insurance risk classifications and information sharing related to unauthorized insurance premium taxes among states.
Legislative Description
An Act Authorizing The Insurance Commissioner To Enter Into The Nonadmitted Insurance Multistate Agreement.
Last Action
Referred by Senate to Committee on Finance, Revenue and Bonding
5/5/2011