Ala. Admin. Code r. 482-1-144-.04 - Definitions
The following definitions apply for purposes of this chapter:
(a) DOMESTIC INSURER, FOREIGN
INSURER, and INSURER. As defined in Code of Ala. 1975,
§§
27-4A-2(4), -(5),
and -(6), respectively.
(b) EFT . An
electronic funds transfer using the method(s) employed in the Electronic Filing
System from time to time.
(c)
l. FEES . The following fees imposed under the
Alabama Insurance Code apart from Premium Tax and Surplus Line Broker Tax :
(i) The fee for annual renewal of a
certificate of authority for a foreign or domestic insurer.
(ii) The fee for the filing of an annual
statement by a foreign or domestic insurer.
(iii) The fee for renewal of a certificate of
authority by an HMO, fraternal benefit society, or mutual aid
association.
(iv) The fee for the
filing of an annual statement by a foreign or domestic HMO, a fraternal benefit
society, or a mutual aid association.
(v) The examination fee for an annual
statement filed by a foreign or domestic insurer.
(vi) The examination fee for an annual
statement filed by a foreign or domestic HMO, a fraternal benefit society, or a
mutual aid association.
2. "Fees " for purposes
of this chapter do not include licensing fees paid by
surplus line brokers.
(d) NAIC . National Association of Insurance
Commissioners.
(e) ELECTRONIC
FILING SYSTEM . The system(s) designated by the Commissioner of Insurance from
time to time for the electronic filing of Premium Tax Returns and Surplus Line
Broker Tax Returns and EFT payment of Premium Tax , Surplus Line Broker Tax , and
Fees as required by this chapter.
(f) OPTins SYSTEM . The Online Premium Tax
for Insurance Internet-based premium tax filing system
("OPTins") maintained by the NAIC .
(g) PREMIUM TAX . The tax on insurance
premiums received by insurers as imposed in accordance with the Insurance
Premium Tax Reform Act of 1993, Code of Ala. 1975,
§§
27-4A-1 et
seq .
Excluded from this definition of "Premium Tax " are Fees and the Surplus Line
Broker Tax , as otherwise defined in this chapter, and taxes or fees on insurers
or the business of insurance paid to other departments or agencies of the State
government or to municipal corporations.
(h) PREMIUM TAX RETURN . The premium tax
return or statement submitted to the Department on a quarterly or annual basis
in the form prescribed by the Department.
(i) SURPLUS LINE BROKER TAX . The surplus line
broker tax imposed in accordance with Code of Ala.
1975, §
27-10-31.
(j) SURPLUS LINE BROKER TAX RETURN . The tax
return or statement submitted by all licensed surplus line brokers to the
Department on an annual basis, or voluntarily on a monthly or quarterly basis,
in the form prescribed by the Department.
Notes
Author: Commissioner of Insurance
Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 8-1A-18, 41-1-23.
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