Utah Administrative Code (Current through November 1, 2019) |
R590. Insurance, Administration |
R590-157. Surplus Lines Insurance Premium Tax and Stamping Fee |
R590-157-4. Stamping Fee Amounts
Latest version.
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A. The surplus lines stamping fee is .18 of 1% of the policy premium payable for the examination of a surplus lines transaction as required in Subsection 31A-15-103(11)(d).
B. Late surplus lines stamping fee payments may be subject to late fees of 25% of the stamping fee due plus 1 1/2% per month from the time of default until full payment of the fee.
C. A courtesy filing fee is not included as surplus lines premium for the purpose of computing taxes and stamping fees.