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Does the retaliatory tax apply only to insurance companies or is it also applicable to title agents, who are responsible for premium tax?

April 26, 2017agents applicable companies Insurance Premium responsible retaliatory tax title

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Does the retaliatory tax apply only to insurance companies or is it also applicable to title agents, who are responsible for premium tax?

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Title agents are required to pay premium and maintenance taxes on their portion of the title insurance premiums. Title insurance companies remit the taxes on behalf of title agents as required by statute. Title agents are not insurers and retaliatory tax applies only to insurers.