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§9108
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§9108 . Fire insurance fee.
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§9108(a)
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(a) Every insurance company authorized to do business in this state shall collect, in addition to the applicable premium charge, a fire insurance fee, separately identified and charged to each policyholder, from each such holder of a policy issued in the state or for delivery in the state for coverage of peril of fire, excluding a policy for protection of household furnishings and/or policies issued to protect 1 or 2- family residential structures, schools, churches hospitals.
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§9108(b)
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(b)
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§9108(b)(1)
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(1) The fee is hereby imposed at the rate of 1 and 0.25 on the gross direct premium written on property or risks located in this state, provided, however, no fee shall be imposed on a policy to insure against peril of inland marine, ocean marine, automobile, or aircraft physical damage. Such fees shall be paid quarterly by insurance companies to the superintendent, after deducting from such gross premiums, (i) premiums upon policies not taken and (ii) premiums returned on cancelled policies, as follows: April 15th, July 15th, October 15th, and January 15th to reflect the net collections for the quarters ending March 31st, June 30th, September 30th, and December 31st, respectively.
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§9108(b)(2)
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(2) On or before the 15th day of February of each year, every insurance company required to collect the fee imposed by (this §) shall file with said superintendent an annual statement in a manner the superintendent shall prescribe, which statement shall show the aggregate amount of gross premiums and premium deposits and assessments collected during the immediately preceding year for insurance against loss or injury and the several items deduction referred to under items (this sub§)(1)(i) and (this sub§)(1)(ii) .
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§9108(c)
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(c) In case any such company shall neglect or refuse to make and file such statement or pay over moneys collected from the fee imposed by (this §) ,the provisions of §9109 of this article shall apply.
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§9108(d)
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(d) All moneys received by the superintendent shall be paid into the code enforcement account by the 10th day of the month following receipt of such moneys.
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§9108(e)
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(e) The fees imposed by (this §) shall be applicable to said policies issued or renewed on or after July 1st, 1982. Source Data downloaded: 2009-04-19 12: 18: 54; Processed: 2009-05-08 15: 36: 36
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