The Delaware Department of Insurance published a bulletin announcing an update to premium tax payment requirements for surplus lines brokers.
All admitted and approved domestic and foreign insurers, including foreign risk retention groups, risk purchasing groups, accredited reinsurers, and surplus lines brokers are subject to Delaware's statutory requirements for paying premium taxes.
The estimated premium taxes imposed under Title 18 for surplus lines brokers must be paid according to the schedule below. Any remaining balance must be paid on March 1st the following year.
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