My company’s home state only charges agent license fees once every 2 years. Can you please explain how I should incorporate this into Line 9 of the retaliatory tax form?
Agent license fees are not considered in the retaliatory tax calculation, because the individual, not the company, pays the fee. You should not be reporting those fees. The only agent fees that are retaliatory are Agent Appointment fees. On Line 9 of the Retaliatory Tax form you should report the number of new agents that were appointed with your company in Delaware during the calendar year and make the comparison of total fees based on that number. 50. In preparing the retaliatory taxes, my software program is including the fraud fee that would be paid to my state of domicile in the Home State Total on Line 12. I see that for the Delaware portion I am not to include the $550 fraud fees in the retaliatory calculation. Should I also exclude the fraud fee from our home state calculation? No. Your software program is performing correctly. The Delaware Insurance Department considers the $550.00 Fraud Prevention Bureau fee a special purpose assessment and does not permit foreign insurers to
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