The Montana Commissioner of Securities & Insurance has issued an advisory memorandum notifying surplus lines agents that surplus lines tax payments for calendar year 2011 surplus lines filings are due or must be postmarked by April 1, 2012 and that tax payments may be sent in after March 2, 2012.
The memo noted that all agents are required to file a statement with the Office of the Commissioner of Securities and Insurance, Montana State Auditor (CSI), even if no premiums have been written in Montana. A zero-premium filing form can be obtained at http://sao.mt.gov/SurplusLines/pdf/zero%20payment%20form.pdf.
The CSI said that surplus lines agents have until March 2, 2012, to electronically file outstanding 2011 surplus lines filings. Paper surplus lines filings must be postmarked by March 2, 2012, to be entered in the 2011 tax statement. For those paper filings postmarked by March 2,2012, please allow two weeks (March 16, 2012) for the CSI to enter those polices into the CSI database and then agents will be able to view or print the 2011 surplus lines filings. All agents should review their 2011 tax statement for accuracy, which may be obtained at https://svc.mt.gov/csi/surplus/login.aspx.
If errors are noted and corrections need to be made to your statement, please contact Pam Daugherty at (406) 444-9751 or by email at firstname.lastname@example.org. If an extension from the April 1, 2012, tax payment deadline is needed agents should contact Tim Morris at 406-444-4489 or email@example.com. If additional time is needed to correct the agent's statement, an extension will be given until the errors are corrected. The CSI said it would not assess a late payment penalty when the CSI has been notified of an error.