2019 New York Laws
ISC - Insurance
Article 91 - Taxes and Fees
9108 - Fire Insurance Fee.

§  9108. Fire insurance fee. (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  one or two-family residential structures,
schools, churches and hospitals.
  (b) (1) The fee is hereby imposed at the rate of one  and  one-quarter
per  centum  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 fifteenth,
July fifteenth, October fifteenth, and January fifteenth to reflect  the
net  collections  for  the  quarters  ending  March  thirty-first,  June
thirtieth, September thirtieth, and December thirty-first, respectively.
  (2) On or before the fifteenth day of February  of  each  year,  every
insurance  company  required  to collect the fee imposed by this section
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 of deduction referred to under items (i)
and (ii) of paragraph one of this subsection.
  (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
section,  the  provisions  of  section nine thousand one hundred nine of
this article shall apply.
  (d) All moneys received by the superintendent shall be paid  into  the
code enforcement account by the tenth day of the month following receipt
of such moneys.
  (e)  The  fees  imposed  by  this  section shall be applicable to said
policies issued or renewed on or  after  July  first,  nineteen  hundred
eighty-two.