For Insurers

Foreign property and casualty companies - 2018 premium tax filing instructions

New for 2018

There are no changes from 2017 for the foreign property and casualty tax forms.

Filing requirements

All property and casualty insurance companies licensed in the State of Washington during the calendar year must file an online tax form, as provided by this office, even if no business was actually transacted within Washington during that time. Alternate filing methods are not accepted.

Due date

The completed online form and payment must be received by the Office of Insurance Commissioner (OIC) on or before March 1 following the end of the calendar year. When the due date falls on a Saturday or Sunday, the form and payment are considered timely if received on the next business day.

CautionCaution: Do not mail a paper version of the form or any attachments to our office.

Completing your premium tax form

Tax is generally due on all premiums, unless specifically exempted on the tax form. If you have questions, please contact us.

Premiums reported must be on the same basis as required on the Annual Statement.

The Washington state tax rate is 2 percent. Calculations for the Washington portion of the form will be completed automatically.

Selecting "Print" will print your form exactly as it appears on the screen, even if you have not saved your work.

Clicking the "Save Progress" button does not check for errors.

RememberRemember: Save your work before moving away from the form; your work is not automatically saved.

Premium Reporting section

Premiums as Reported on the Annual Statement

Premiums entered in this section should, with few exceptions, match premiums reported for Washington on the corresponding lines of the Exhibit of Premiums and Losses (state page) filed with the NAIC.

Excess Bail Bonds are bail bond premiums and fees in excess of those reported on the state page and are not included in Line 24 or 34; please report these premiums using the unnumbered line under Line 34.

Schedule A - Property/Casualty Taxes

Some fields on this schedule are populated from the Premium Reporting section of the tax form.

Editable fields are indicated by a border around the field. Refer to the table below for entry details.

Schedule A instructions for foreign property and casualty companies
Line nameState of domicileState of Washington
Reinsurance Assumed Authorized CompanyReport reinsurance assumed from authorized companiesn/a
Reinsurance Assumed Unauthorized CompanyReport reinsurance assumed from unauthorized companiesn/a
Dividends Paid to PolicyholdersReport dividends your state of domicile allows to be claimedn/a
Losses Paid to PolicyholdersReport losses paid your state of domicile allows to be claimedn/a
Other Deductions (specify)Provide description and amount of deduction allowed, if anyn/a
Health Pool Assessment AvailableEnter Health Pool Assessment your state of domicile allows to be claimedPre-populated by the OIC (see note below)
Property/Casualty Tax RateIf editable, enter your state of domicile property/casualty tax ratePre-populated by the OIC
Property/Casualty TaxesIf editable, enter taxes due to your state of domicileAuto-calculated

Note:The Health pool assessment available is displayed on this schedule. If the credit available would reduce taxable premiums below zero, the excess credit is carried forward to the next tax year.

Schedule B - Ocean Marine Taxes

Some fields on this schedule are populated from the Premium Reporting section of the tax form.

Editable fields are indicated by a border around the field. Refer to the table below for entry details.

Schedule B instructions for foreign property and casualty companies
Line nameState of domicileState of Washington
Reinsurance AssumedReport reinsurance assumed your state of domicile allows to be claimedReport reinsurance assumed
Reinsurance CededReport reinsurance ceded your state of domicile allows to be claimedReport reinsurance ceded
Direct Losses Paid (Deduct Salvage)Report direct losses paid your state of domicile allows to be claimedReport direct losses paid
Losses Paid on ReinsuranceReport losses paid on reinsurance your state of domicile allows to be claimedReport losses paid on reinsurance
Recoveries on Reinsurance CededReport recoveries on reinsurance ceded your state of domicile allows to be claimedReport recoveries on reinsurance ceded
Ocean Marine Tax RateIf editable, enter your state of domicile ocean marine tax ratePre-populated by the OIC
Ocean Marine TaxesIf editable, enter taxes due to your state of domicileAuto-calculated

Schedule C - Fire Marshal and/or Fire Department Taxes

Some fields on this schedule are populated from the Premium Reporting section of the tax form.

Editable fields are indicated by a border around the field. Refer to the table below for entry details.

Schedule C instructions for foreign property and casualty companies
Line nameState of domicileState of Washington
Fire Tax RateIf editable, enter your state of domicile fire tax raten/a
Fire TaxesIf editable, enter taxes due to your state of domicilen/a

Schedule D - Other Taxes and Credits

Schedule D instructions for foreign property and casualty companies
Line nameState of domicileState of Washington
Other Taxes Assessed (Specify)
(two lines)
Provide description and amount of taxes assessed, if any (see note below)n/a
Other Credits Allowed (Specify)
(two lines)
Provide description and amount of credit allowed, if anyn/a

Note: Examples of taxes to report here may include, but are not limited to, franchise tax, MTA tax, or a minimum tax.

Schedule E - Assessment Credits

Assessments are pre-populated by the OIC and cannot be edited. The assessment credit is prorated at 20 percent per year for five years, unless the credit balance falls under $1,000.

Example: Your company pays an assessment of $2,000 in calendar year 2015.
Year 1 (2015): Credit of $400 used, balance of $1,600.
Year 2 (2016): Credit of $400 used, balance of $1,200.
Year 3 (2017): Credit of $400 used, balance of $800.
Year 4 (2018): Credit of $800 used, balance of $0.

Schedule E instructions for foreign property and casualty companies
Tax yearState of domicileState of Washington
2018 - 2014For each year, enter assessment credit your state domicile allows to be claimedPre-populated by the OIC
OtherEnter assessment credits prior to 2014 your state of domicile allows to be claimedn/a

Schedule F - Filing and Miscellaneous Fees

If your company is no longer active in Washington and this is your final return, enter $0 in both columns as the Certificate of Authority Renewal Fee.

    Schedule F instructions for foreign property and casualty companies
    Line nameState of domicileState of Washington
    Certificate of Authority Renewal FeeEnter the Certificate of Authority renewal fee your state of domicile charges foreign insurersPre-populated by the OIC
    Annual Statement filing feeEnter the annual statement filing fee your state of domicile charges foreign insurersPre-populated by the OIC
    Fraud FeeIf editable, enter the fraud fee from your state of domicilen/a
    Operating FeeIf editable, enter the operating fee/assessment your state of domicile would charge a foreign insurern/a; the Regulatory Surcharge cannot be claimed on the premium tax return
    Other Misc Fees (specify)
    (two lines)
    Provide description and amount of other fees charged by your state of domicile (see note below)n/a

    Note: Examples of Other Misc Fees to report on this schedule may include, but are not limited to, cost containment fees, exam fees, or annual service fees.

    Summary

    All fields in this section are populated from other areas of the tax form.

    2018 premium tax overpayments, if any, will be applied to prepayments due for 2019. Overpayments in excess of 2019 prepayments due will be processed as refunds and sent to the attention of the tax contact we have on file.

    Declaration and final submission

    Review the declaration and, if necessary, update the contact information.

    The contact information listed here is the insurance commissioner's only point of contact for premium taxes and regulatory surcharge purposes; please make sure the information is accurate.

    Enter the name and title of the officer that has examined the form and declares that to the best of this officer’s knowledge and belief, the information is entirely true, accurate and complete.

    Submit your form to the insurance commissioner by clicking "Final Submission."