(a) On March 1 of each year, each licensed agent shall collect and pay to the commissioner
a tax of 6% on the total gross premiums charged, less any return premiums, for surplus
lines insurance transacted by the licensee pursuant to the license for insureds whose
home state is this state.
(b) The tax on any portion of the premium unearned at termination of insurance, if
any, having been credited by the state to the licensee shall be returned to the policyholder
directly by the surplus lines licensee or through the producing broker. The surplus lines licensee is prohibited from rebating any part of the tax for any
(c) The individual responsible for filing the statement shall be the agent who signs
the policy or the agent of record with the company. The commissioner of insurance may assess a penalty up to double the amount of tax
prescribed in subsection (a) from any licensee or other individual responsible for
filing the statement as described in this subsection who fails, refuses or neglects
to transmit the required affidavit or statement or fails to pay the tax imposed by
this section to the commissioner within the period specified.
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