Maine Revised Statutes Title 36 — Taxation
36 M.R.S. § 2513-C
Premium tax on travel insurance premiums
# 1.
Definitions.
As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
# A.
"Blanket travel insurance" has the same meaning as in Title 24‑A, section 7052‑A, subsection 2 .
# B.
"Cancellation fee waiver" has the same meaning as in Title 24‑A, section 7052‑A, subsection 3 .
# C.
"Primary certificate holder" has the same meaning as in Title 24‑A, section 7052‑A, subsection 9 .
# D.
"Primary policyholder" has the same meaning as in Title 24‑A, section 7052‑A, subsection 10 .
# E.
"Travel assistance services" has the same meaning as in Title 24‑A, section 7052‑A, subsection 13 .
# F.
"Travel insurance" has the same meaning as in Title 24‑A, section 7052‑A, subsection 14 .
# 2.
Paying premium tax.
An insurer shall pay a premium tax as provided in section 2513 on travel insurance premiums paid by any of the following:
# A.
A primary policyholder who is a resident of the State;
# B.
A primary certificate holder who is a resident of the State; and
C.
A blanket travel insurance policyholder that is a resident of the State or has its principal place of business in the State, or in the case of an affiliate's or subsidiary's purchasing blanket travel insurance for eligible blanket travel insurance group members, the policyholder's affiliate or subsidiary has its principal place of business in the State, subject to any apportionment rules that apply to the insurer across multiple taxing jurisdictions or that permit the insurer to allocate premiums on an apportioned basis in a reasonable and equitable manner in those jurisdictions as determined by the assessor.
# 3.
Insurer requirements.
An insurer shall:
A.
Document the state of residence or principal place of business of the policyholder or certificate holder described in subsection 1 ; and B.
Report as premiums only the amount allocable to travel insurance and not any amounts received for travel assistance services or cancellation fee waivers.
Source: view the official text
In this chapter (35 sections)
- 2511 · Companies taxable; rate
- 2512 · Annual returns to Superintendent of Insurance
- 2513 · Tax on premiums and annuity considerations
- 2513-A · Tax on premiums of risk retention groups
- 2513-B · Tax on premiums collected by captive insurers; rate of tax
- 2513-C · Premium tax on travel insurance premiums
- 2514 · Applicability of provisions
- 2515 · Amount of tax
- 2516 · Returns to State Tax Assessor
- 2517 · Mutual fire companies doing mill business; returns
- 2518 · Neglect to make return; assessment; failure to pay
- 2519 · Ratio of tax on foreign insurance companies
- 2520 · Reciprocal contracts of indemnity
- 2521 · Power and authority of domestic companies
- 2521-A · Returns; payment of tax
- 2521-B · Self-insurers; return for calendar year 1982
- 2521-C · Returns; payment of tax
- 2521-D · Limitation on credit or refund
- 2521-E · Interest on overpayment
- 2522 · Assessment of tax; notice; suspension for nonpayment
- 2523 · Taxation of workers' compensation insurers
- 2524 · Credit for employer-assisted day care
- 2525 · Employer-provided long-term care benefits
- 2525-A · Employer-provided long-term care benefits on and after January…
- 2526 · Solid waste reduction investment tax credit
- 2527 · Educational attainment investment tax credit
- 2528 · Recruitment credit
- 2529 · Pine Tree Development Zone tax credit
- 2530 · Maine Life and Health Insurance Guaranty Association credit
- 2531 · Taxation of nonadmitted insurance coverage
- 2532 · Authority to enter into multistate agreement
- 2533 · New markets capital investment credit
- 2534 · Credit for rehabilitation of historic properties and affordable…
- 2535 · Credit for educational opportunity
- 2536 · Employer credit for family and medical leave