Calculations of retaliatory tax exclude special purpose assessments. What are these assessments?
Special purpose assessments are assessments such as guaranty fund association assessments, high risk health pool assessments, joint underwriting associations (JUA) assessments, windstorm association assessments, or other similar assessments. These assessments apply only to insurance companies and only for losses or deficits as provided under the laws of this state or under the laws of any other state or territory.
Related Questions
- Can my mortgage company provide me with information concerning why there were changes in my tax payments, special assessments, or insurance premiums?
- Calculations of retaliatory tax exclude special purpose assessments. What are these assessments?
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