NOTICE - 2012 Premium Tax Filing With OPTins
To: All Insurance Companies
To: All Insurance Companies
To: The Insurance Agency Addressed
AGENCY RENEWAL PROCESS
Your agency license will expire April 30, 2012.
Non-resident agency renewals are available online at www.nipr.com.
Agencies may also be renewed by returning the following to the Department no later than March 15, 2012:
To: All Insurers Eligible to Write Nonadmitted Insurance in the State of Nebraska; All Licensed Surplus Lines Brokers; All Insureds Independently Procuring Nonadmitted Insurance; All Other Interested Parties
As a result of an amendment to the Nonadmitted Insurance Multistate Agreement (NIMA) dated December 20, 2011, the operational starting date of the Clearinghouse has been moved from January 1, 2012 to July 1, 2012.
Accordingly, all first and second quarter filings and tax payments for the 2012 calendar year shall be filed with the Department.
The Nebraska Department of Insurance has implemented OPTins (Online Premium Tax for Insurance) for Insurance Companies beginning with the 2012 quarterly tax return. OPTins, a product of the National Association of Insurance Commissioners (NAIC), has been developed to facilitate Premium Tax submission of forms and payments. This is our required method of filing tax returns beginning with calendar year 2012 premium tax filing requirements.
To: Licensed Insurance Agencies
PLEASE READ THE FOLLOWING INSTRUCTIONS CAREFULLY
Effective May 1, 2012, the Nebraska Department of Insurance will no longer require insurance agency branches to be licensed.
To: All Insurers Eligible to Write Nonadmitted Insurance in the State of Nebraska; All Licensed Surplus Lines Brokers; All Insureds Independently Procuring Nonadmitted Insurance; All Other Interested Parties
The Nebraska Surplus Lines Insurance Act has been recently revised. Please note that these statutory changes have implications to the reporting requirements of all surplus lines policies. At a minimum, you should be aware of changes in filing dates, rates, forms to be utilized, dates of payment, and which policies are reportable to the State of Nebraska Department of Insurance (“Department”).