Section 405:29 Annual Statement; Tax.
I. Each licensed producer shall file with the commissioner, not later than January 31st of each year, a sworn statement of the gross premiums charged for insurance procured or placed and the gross return premiums on such insurance cancelled under such license during the year ending on December 31 next preceding, and at the time of filing such statement shall pay to the state treasurer a sum equal to 2 percent of such gross premiums less such return premiums reported.
II. Any producer failing to file the report or failing to remit the proper tax within the time period for filing shall pay a penalty equal to 10 percent of the amount of tax due.
III. Each producer filing under this section shall be subject to the provisions of RSA 400-A:32-a.
Source. 1911, 168:4. PL 275:25. RL 325:30. 2008, 154:2, eff. June 6, 2008.