31.03.06.06

.06 Compliance with Filing and Premium Receipts Tax Payment Requirements.

A. A report, affidavit, or return that must be filed under this chapter complies with the filing requirement if the report, affidavit, or return is:

(1) Mailed or postmarked by the United States Postal Service on or before the filing date;

(2) Delivered on or before the filing date to a private delivery service recognized by the Commissioner, if the delivery is evidenced by a receipt; or

(3) Transmitted electronically on or before the filing date in a manner approved by the Commissioner.

B. Each broker shall remit the full amount of the premium receipts tax appearing on the report filed pursuant to Regulation .05 of this chapter at the time the report is filed.

C. Each broker shall remit the full amount of the premium receipts tax in the manner directed by the Commissioner on the form prescribed by the Commissioner pursuant to Regulation .05 of this chapter.

D. With respect to premium receipts tax due to the State, a surplus lines broker who fails to pay a tax when a report under Regulation .05 of this chapter is due, or fails to file a report, is subject to the provisions of Insurance Article, Title 6, Subtitle 1, Annotated Code of Maryland related to penalties, audits, assessments, limitations, appeals, and refunds.