Postponement of Requirement for Electronic Filing of Premium Tax Filings, Annual Renewal Fees, and Payments

October 31, 2014 Bulletin 211 POSTPONEMENT OF REQUIREMENT FOR ELECTRONIC FILING OF PREMIUM TAX FILINGS, ANNUAL RENEWAL FEES, AND PAYMENTS This Bulletin is directed to all companies and surplus lines producers submitting premium tax and insurance company annual renewal fees to the Department (Filers). In 2011, the Department began using the National Association oflnsurance Commissioners (NAIC) system known as OPTins, an online premium tax filing system. OPTins offers insurance companies and surplus lines producers the ability to submit filings, fees, and payments electronically. In March ofthis year the Department notified Filers via Bulletin 206 that use of OPTins would be mandatory beginning January 1, 2015. This Bulletin postpones that effective date. Filers have recently brought forward to the Department additional issues and concerns regarding the required use of OPTins for electronic filing ofpremium tax, surplus lines tax, and insurance company annual renewal fees. The Department needs to study those matters further. Therefore, the option to file using paper will remain available until at least March 31, 2015. When the Department makes a final determination, it will be communicated as a Bulletin. However, OPTins has been available since 2011, remains available, and is the Department's preferred method ofreceiving premium tax, surplus lines tax, and insurance company annual renewal fees. Filers are encouraged to use OPTins as soon as practicable. Questions regarding this Bulletin should be directed to Debra Graves, Premium Tax Auditor, at (317) 232-1993 or dgraves@idoi.IN.gov, or Annette Gunter, Supervisor of Financial Services Operations, at (317) 232-2428 or agunter@idoi.INgov. Insurance Commissioner