Every insurance company licensed to do business in North Dakota is subject to a premium tax on the gross amount of its annual premiums, membership fees, and policy fees received from North Dakota policyholders as reported on the company's North Dakota State page of its annual statement. The premium tax rate is two percent for life insurance and one and three-fourths percent for accident, health, property, casualty and surplus lines of insurance.
The insurance premium tax is administered by the State Insurance Commissioner and is collected quarterly and deposited into the State General Fund. North Dakota law provides that properly organized fire districts receive financial assistance in the form of an annual payment which is also administered by the State Insurance Commissioner. Therefore, the legislature appropriates a portion of the insurance premium tax revenue collected to be allocated to qualified fire districts in the state of North Dakota.
The Sixtieth Legislative Assembly of North Dakota appropriated $6,200,000 for the biennium July 1, 2007 through June 30, 2009 for the purpose of making payments to qualifying fire districts located within the state of North Dakota. The $6,200,000 ($3,100,000 per year) is allocated based on the relationship of gross premium reported for each fire district, to the total gross premiums reported statewide. Payments are mailed in September of each year.
Fire District Boundary Maps
Click here to view Fire District Boundary Maps.
For more information, contact:
Email Larry Martin at larmartin@nd.gov
Insurance Department
State Capitol, fifth floor
600 E. Boulevard Ave.
Bismarck, ND 58505
701.328.2930
701.328.4880 fax
800.247.0560 toll free
800.366.6888 TTY line
|
