Schedule of Company Fees, Taxes and Deposits (Retaliatory Statements)
Life, Health, Annuity, Property and Casualty, Title, Fraternal, and Managed Care Organizations (MCO)
Section I – Fees (Payable to the Idaho Department of Insurance)
Admission Fees - Certificate of Authority application fee (due at time of application):
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SAME AS ABOVE
Other Fees:
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Filing of Articles of Incorporation Filing of Bylaws Name Change Redomestication Addition/Deletion of Line of Business Certificate of Deposit Certificate of Compliance Certificate of Valuation Certified Certificate of Authority Service of Process |
None None None None None $20.00 $20.00 $50.00 $50.00 $30.00 |
Section II – Taxes
Premium Taxes:
- Tax on Direct Premium Written in the State - due annually on March 1. Tax rate for calendar year 2011 and after is 1.5%.
- Quarterly estimated tax payments is based on preceding year’s business at current year’s tax rate:
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On or before June 15, sixty percent (60%)
On or before September 15, twenty percent (20%)
On or before December 15, fifteen percent (15%)
Retaliatory Provisions
- If any taxes in the aggregate, imposed on Idaho insurers exceeds those Idaho imposes on similar insurers organized under the laws of another state, a retaliatory tax will result.
Section III – Deposits
General Deposit to operate in the State. (in place at time of application)
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None |
The MARKET VALUE of the deposit, for the benefit of ALL policyholders wherever located, must equal the minimum requirement set forth above for the type of license indicated.
If you have questions or need assistance, please contact Carol Anderson at
Phone: (208) 334-4309
Fax: (208) 334-4398
Email carol.anderson@doi.idaho.gov