Non-Admitted Insurance - Premium Tax FAQs

  • In what system should I file my tax affidavit – Historic “paper” filings or GA SLIP?

    The rule of thumb for where to file is if the Policy Effective Date OR the Date Premium Paid is on or after January 1, 2021, the policy or endorsement should be filed in SLIP.

    NOTE: If the effective date is prior to 1/1/2021, but the Date Premium Paid is on or after 1/1/2021, the filer must use the 1/1/2021 as the effective date when filing this transaction in SLIP. A comment can be added in SLIP on the transaction to note the correct Effective Date.

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  • How can an extension of time for filing taxes or payment of tax be requested?

    An extension may be granted for no more than thirty (30) days and must be made before the due date; refer to O.C.G.A. § 33-2-31.

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  • Does the Premium Tax Division accept electronic fund transfers?

    Yes, please obtain information necessary for an electronic funds transfer may be obtained by filling out the request form. 

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  • How can credits for returned premium or credits for changes in premium be used towards future tax liabilities?

    For historic premiums and premiums reported before January 1, 2021: Report the return/change premium on the quarterly affidavit; include the date of the affidavit on which the original premium and tax was reported. Only claim credit for business written under the reporter’s respective license.

    After January 1, 2021: If original or renewal policy has been entered in SLIP, use Return Premium type.

    Note: The return will be rejected in SLIP if the related initial entry or renewal policy was filed using the Historic “paper” filing system. Only file returns in SLIP for transactions that were previously reported in SLIP. Any policy where the original was filed on paper, the endorsement/return will also have to be filed on paper.

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  • Is a Surplus Line Broker permitted to add broker fees?

    No fees are allowed outside the policy premium. Refer to the definition of Premium O.C.G.A . § 33-24-1(2), and also § 33-6-5(6)(B)(ii). Refer also to Bulletin 17-EX-1: Unauthorized Fees.

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  • For historic premiums and premiums reported before January 1, 2021, is the postmark date acceptable for proof of timely filing?

    Yes, if postmarked by the U.S. Postal Service – IN HOUSE postage stamp is NOT ACCEPTABLE.

    After January 1, 2021: Only Electronic filings will be accepted for policies with date premiums paid after 1/1/2021.

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  • Is the postmark date acceptable for timely proof of payment?

    Yes, if postmarked by the U.S. Postal Service – IN HOUSE postage stamp is NOT ACCEPTABLE.

    After January 1, 2021: SLIP offers an electronic payment method for policy transactions filed in this system. 

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  • May a refund be requested for surplus line taxes paid?

    No, returns and changes in premiums are allowed as credits against the premium written and reported on a filed affidavit. O.C.G.A. §§ 33-5-31(a), 33-5-33(b), 33-40-5(a).

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  • What is the tax rate for Risk retention groups?

    4% on “all premiums paid or due and payable.” Refer to O.C.G.A. § 33-40-5.

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  • What is the tax rate on Surplus Lines?

    When Georgia is the home state, pay 4% on total premiums written and received by the surplus line broker. Refer to O.C.G.A. § 33-5-29. For additional information regarding the home state, please refer to  Download this pdf file. Bulletin 12-EX-1 .

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  • What is the tax rate on Direct Procurement?

    When Georgia is the home state, pay 4% on total premiums written. Refer to O.C.G.A. § 33-5-33. For additional information regarding the home state, please refer to  Download this pdf file. Bulletin 12-EX-1 .

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  • When is my affidavit and payment due?

    Surplus Line Brokers’ and Risk Retention Groups’ affidavit and payment are due on or before the 15th day of April, July, October and January; refer to O.C.G.A. § 33-40-5 and § 33-5-29. Insureds directly procuring insurance should remit payment no later than 30 days from the effective date of the policy; refer to O.C.G.A. § 33-5-33.

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  • Where should paper (historic) affidavits be mailed?

    If paying by check, mail affidavit and payment to:

    Georgia Dept. of Insurance
    Premium Tax Division
    P.O. Box 935134
    Atlanta, GA 31193-5134

    To overnight payment, send affidavit and payment to:

    Wells Fargo Bank, NA
    Georgia Dept. of Insurance
    Premium Tax Division
    Lockbox 935134
    3585 Atlanta Avenue
    Hapeville, GA 30354

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  • Where should tax payments be mailed?

    After January 1, 2021: Payments of premium taxes filed in the SLIP system can be made electronically in SLIP. If filing was completed in SLIP then nothing is required to be mailed with check payments.

    If paying by ACH, mail affidavit (historic only) to: 

    Georgia Dept. of Insurance
    Premium Tax Division
    P.O. Box 935134
    Atlanta, GA 31193-5134

    If paying by check, mail affidavit (historic only) and payment to:

    Georgia Dept. of Insurance
    Premium Tax Division
    P.O. Box 935134
    Atlanta, GA 31193-5134

    To overnight payment, send affidavit (historic only) and payment to:

    Wells Fargo Bank, NA
    Georgia Dept. of Insurance
    Premium Tax Division
    Lockbox 935134
    3585 Atlanta Avenue
    Hapeville, GA 30354

     

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  • Who or what companies must file an affidavit for unauthorized/non-admitted insurance?

    Licensed Surplus Line Brokers, registered Risk Retention Groups and individual insureds who have not procured insurance through a licensed surplus line broker must file an affidavit. O.C.G.A. §§ 33-5, 33-40-5.

    Please do not file paper "zero" (no business for the quarter) affidavits until further notice. ONLY file when there is business to report. SLIP does not require zero filings.

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