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CAPTIVE INSURERS |
OPTins – ONLINE PREMIUM TAX FOR INSURANCE
OPTins is the preferred method for submitting calendar year 2009 annual premium tax and fees. The Delaware Insurance Department encourages all companies - including tax-exempt companies that pay annual renewal fees - to use OPTins to submit Delaware premium tax and annual renewal forms and payments electronically. However, OPTins is not mandatory at this time. |
Click Here to Participate |
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Effective December 31, 2008, lockbox services for premium tax and fees collection ceased. Companies should NOT send any tax reports or payments to either of the National City Bank lockbox addresses that have been in effect for the past several years. The Department has decided that with the implementation of online tax filing through OPTins and the availability of electronic funds transfer through that program, lockbox services will no longer be needed. IMPORTANT: If forms are sent to the bank lockbox address, they will be returned. If the forms must be
forwarded to the Department after being returned from the bank lockbox address, the company will be subject to an administrative penalty for late
filing. The penalty will accrue beginning on the date the tax filing was due, and continue until the report and payment is received at the correct
address.
With the closing of the bank lockbox, companies no longer have the option to pay premium taxes and fees electronically using ACH credit. OPTins
is the only option available for electronic filings.
The Department would prefer that all companies use OPTins to submit tax and annual renewal forms and payments, but any company that is not able to utilize the OPTins program should send their tax reports and payments to the Department’s Dover address as follows:
Delaware Insurance Department
Attn: PREMIUM TAX SECTION
841 Silver Lake Blvd.
Dover, DE 19904-2465
IMPORTANT: Tax reports should never be sent with annual statement filings. Annual statements are received at a different section of the Insurance Department and tax returns that are included with the annual statement will not be forwarded to the tax section. Companies that include their premium tax returns with the annual statement will be subject to penalties for failure to file the premium tax return in a timely manner. |
Captive Annual Form - All Delaware Captive Insurers, except Sponsored Captive Insurers and Protected Cells, but including Delaware domiciled Risk Retention Groups, should use this form. Sponsored Captives and Protected Cells use the form below.
Sponsored/Cells Annual Form
Click here for information regarding Captive Insurer taxation in accordance with the Delaware Revised Captive Insurance Act, enacted July 11, 2005.
Tax and Renewal questions
can be directed to Ann Fletcher, Tax & Fees Coordinator at Ann.Fletcher@state.de.us |
Some of the documents are in Portable Document Format (PDF). To view, download the free version of Adobe Acrobat Reader here.
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Last Updated: Tuesday, 21-Dec-2010 10:46:22 EST
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