20150107-IR-760140513NRA October 31, 2014 Bulletin 211 Postponement of Requirement for Electronic Filing of Premium Tax Filings, Annual Renewal Fees, and Payments

DEPARTMENT OF INSURANCE

October 31, 2014 Bulletin 211 Postponement of Requirement for Electronic Filing of Premium Tax Filings, Annual Renewal Fees, and Payments

This bulletin is directed to all companies and surplus lines producers submitting premium tax and insurance company annual renewal fees to the Department (Filers). In 2011, the Department began using the National Association of Insurance Commissioners (NAIC) system known as OPTins, an online premium tax filing system. OPTins offers insurance companies and surplus lines producers the ability to submit filings, fees, and payments electronically. In March of this year the Department notified Filers via Bulletin 206 that use of OPTins would be mandatory beginning January 1, 2015. This bulletin postpones that effective date.

Filers have recently brought forward to the Department additional issues and concerns regarding the required use of OPTins for electronic filing of premium tax, surplus lines tax, and insurance company annual renewal fees. The Department needs to study those matters further. Therefore, the option to file using paper will remain available until at least March 31, 2015. When the Department makes a final determination, it will be communicated as a bulletin.

However, OPTins has been available since 2011, remains available, and is the Department's preferred method of receiving premium tax, surplus lines tax, and insurance company annual renewal fees. Filers are encouraged to use OPTins as soon as practicable.

Questions regarding this bulletin should be directed to Debra Graves, Premium Tax Auditor, at [phone] or [e-mail], or Annette Gunter, Supervisor of Financial Services Operations, at [phone] or [e-mail].

INDIANA DEPARTMENT OF INSURANCE

______________________________________

Stephen W. Robertson

Insurance Commissioner

Posted: 01/07/2015 by Legislative Services Agency

DIN: 20150107-IR-760140513NRA

Composed: Nov 01,2016 1:58:47AM EDT

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