Section 384.057

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 384

Effective - 07 Jul 2011, 2 histories, see footnote   

  384.057.  Licensee to file annual statement, contents — report to director, contents. — 1.  Before March second of each year, each surplus lines broker shall report under oath to the director on forms prescribed by him or her a statement showing, with respect to the year ending the immediately preceding December thirty-first for nonadmitted insurance where the home state of the insured is this state:

  (1)  The gross amounts charged for surplus lines insurance, exclusive of sums collected for the payment of federal, state or local taxes;

  (2)  The amount of net premiums with respect to the insurance.  For the purpose of this section, "net premiums" means the gross amount of charges for surplus lines insurance, exclusive of sums collected for the payment of federal, state and local taxes, less returned premiums.

  2.  No later than within forty-five days after the end of each calendar quarter ending March thirty-first, June thirtieth, September thirtieth, and December thirty-first each surplus lines broker shall report under oath to the director on forms prescribed by him or her a statement showing, with respect to each respective calendar quarter for nonadmitted insurance where the home state of the insured is this state:

  (1)  The gross amounts charged for surplus lines insurance, exclusive of sums collected for the payment of federal, state, or local taxes;

  (2)  The amount of net premiums with respect to the insurance.  For the purpose of this section, "net premiums" means the gross amount of charges for surplus lines insurance, exclusive of sums collected for the payment of federal, state, and local taxes, less returned premiums.

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(L. 1987 H.B. 700 § 16 subsec. 7, A.L. 1989 S.B. 250, A.L. 2009 H.B. 577, A.L. 2011 S.B. 132)

Effective 7-07-11