PART II. TAXES

 

§431:7-201  Annual and quarterly taxstatements.  (a)  Each authorized insurer shall file with the commissionerannually, on or before March 1 in each year, a statement signed by a dulyauthorized person on its behalf, setting forth the total business transacted,and the amount of gross premiums reported by the insurer, pursuant to section431:7-202, during the year ending on the preceding December 31, from all risksor property resident, situated, or located within this State, together withsuch other information as may be required by the commissioner to determine thetaxability of premiums.  The term "gross premiums" as used in thispart shall not include consideration paid for annuities.

(b)  Each authorized insurer shall file withthe commissioner quarterly, on or before the last day of the calendar monthfollowing the quarter, a statement signed by a duly authorized person on itsbehalf, setting forth the total business transacted and the amount of grosspremiums reported by the insurer, pursuant to section 431:7-202, during thequarter from all risks or property resident, situated, or located within thisState, together with other information as may be required by the commissionerto determine the taxability of premiums.

(c)  Any insurer failing or refusing to filethe annual tax statement on or before March 1, or the quarterly statement on orbefore the last day of the calendar month following the quarter, shall beliable for a fine in an amount not less than $100 and not more than $500 foreach day of delinquency. [L 1987, c 347, pt of §2; am L 1995, c 232, §13; am L1998, c 202, §1; am L 2003, c 212, §41]