Insurance Tax Administered by Department of Insurance

Insurance Tax Administered by Department of Insurance (G.S. 105-228.9)

Surplus lines tax, tax on risk retention groups not chartered in the State, and tax on persons procuring insurance directly with an unlicensed insurer are administered by the North Carolina Department of Insurance. Licensing and filing fees of insurers are also administered by the Department of Insurance along with the financial reporting requirements for the insurers.