§431:8-315  Tax on surplus lines.  (a) On or before March 15 of each year, each surplus lines broker shall pay to thedirector of finance, through the commissioner, a premium tax on surplus linesinsurance transacted by the broker during the preceding calendar year.  The taxshall be in the amount of 4.68 per cent of gross premiums, less returnpremiums, on taxable surplus lines insurance.

As used in this subsection, "grosspremiums" mean the amount of the policy or coverage premium charged by theinsurer in consideration for the insurance contract.  Any charges for policy,survey, inspection, service, or similar fees or other charges added by thebroker shall not be considered part of gross premiums.

(b)  If a surplus lines policy covers risks orexposures only partially in this State the tax so payable shall be computedupon the proportion of the premium which is properly allocable to the risks orexposures located in this State.

(c)  The tax on any portion of the premiumunearned at the termination of insurance shall be returned to the policyholder.[L 1987, c 347, pt of §2; am L 2003, c 212, §48; am L 2006, c 154, §10]