Skip to Main Content
<< Back | Return to Main COMAR Search Page

6 records match your request.

FileAbstract
31.06.02.00.htm 31.06.02.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 06 TAXES AND FEES Chapter 02 Retaliatory Tax Authority: Insurance Article, §2-109 and Title 6, Subtitle 3, Annotated Code of Maryland
31.06.02.01.htm 31.06.02.01. 01 Premium Tax Report.. Beginning with the return for the calendar year 1967, to be filed on or before March 15, 1968, each foreign and alien insurer licensed to do business in Maryland shall prepare, as part of the annual premium tax report, an analysis in the aggregate of the applicable taxes, licenses, and other fees payable by a Maryland insurer transacting the same lines of business to any agency or department of the foreign or alien insurer’s state of domicile. An
31.06.02.02.htm 31.06.02.02. 02 Audit.. The Maryland Insurance Administration shall perform an audit of the retaliatory tax with its audit of the annual premium tax report and in addition shall compute and bill for any additional retaliatory tax due from companies domiciled in a state where by statute or ordinance taxes, licenses, or fees are payable to political subdivisions of that state. If the amount of retaliatory tax computed by the Maryland Insurance Administration is greater than the amount shown on th
31.06.02.03.htm 31.06.02.03. 03 Credit to Calendar Year.. For the purpose of computing the obligations imposed by Maryland on foreign and alien insurers, payments made to the Unsatisfied Claim and Judgment Fund, the Maryland Automobile Insurance Fund, and any other Maryland special purpose fund which comes within the provisions of the retaliatory tax statute, shall be credited to the calendar year in which the payments were actually made, regardless of the premium payment year on which assessment is based.
31.06.02.04.htm 31.06.02.04. 04 Domicile.. For the purposes of this chapter, the domicile of an insurer formed under the Laws of Canada or a province of Canada shall be deemed to be that of the province in which its head office is situated. All other alien insurers shall be deemed to be domiciled in that state in which is located its principal place of business in the United States.
31.06.02.9999.htm 31.06.02.9999. Administrative History Effective date: April 1, 1967. Amended effective May 1, 1968. Regulations .01―03 amended effective November 6, 1995 (22:22 Md. R. 1657) ―. Chapter recodified from COMAR 09.30.13 to COMAR 31.06.02 effective September 7, 1998 (25:18 Md. R. 1439)Regulation .01 amended effective August 15, 2016 (43:16 Md. R. 901). Regulation .02 amended effective August 15, 2016 (43:16 Md. R. 901).
<< Back | Return to Main COMAR Search Page