2016 Maryland Code
Insurance
Title 3 - Kinds of Insurers
Subtitle 3 - Surplus Lines Insurance
§ 3-325. Report of premium receipts and payment of tax
(a) In general. -- On or before March 15 and September 15 of each year, or at another interval that the Commissioner directs, each surplus lines broker shall:
(1) file with the Commissioner a report, on a form the Commissioner prescribes, on business subject to tax during the preceding half calendar year or other interval that the Commissioner directs; and
(2) pay to the Commissioner the total amount of tax stated in the report.
(b) Content and filing deadlines -- Regulations. -- By regulation, the Commissioner shall determine the required content and filing deadlines of the report.
(c) Open to public inspection. -- Each report shall be open to public inspection.
(d) Credit for examination expenses. -- A qualified surplus lines broker may credit any examination expense paid or assessed under ยง 2-208 of this article against the premium receipts tax due to the State.
(e) Application of Title 6, Subtitle 1. -- With respect to surplus lines premium receipts tax due to the State, a surplus lines broker is subject to the provisions of Title 6, Subtitle 1 of this article relating to penalties, interest, audits, assessments, limitations, appeals, and refunds.
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