Tax form updates for 2019

The Premium Reporting section on the tax form has been updated to align with the changes to the Exhibit of Premiums and Losses (state page) and now includes Line 29 International.

Filing requirements

If your property and casualty insurance company was licensed in Washington state during the calendar year, you need to file a tax form online. This applies even if your company didn't do business within Washington during that time. We only accept online filings.

Due date

You need to submit your online form and payment on or before March 1 of the following year. If the due date is Saturday or Sunday, you can submit them the next business day.

Warning: Please don't mail us a paper version of the form or any attachments.

Completing your premium tax form

You usually owe taxes on all premiums unless they're exempted on your tax form. If you have questions, please contact us.

  • You need to report premiums using the same requirements as the Annual Statement.
  • Washington's tax rate is 2%. The form will calculate your taxes automatically.
  • Choosing "Print" will print your form exactly as it appears on the screen, even if you have not saved your work.
  • Choosing "Save Progress" does not check for errors.

Remember: Save your work before leaving the form. The form won't automatically save your work.

Premium Reporting section

Premiums as Reported on the Annual Statement

With few exceptions, the premiums you enter in this section should match those you report for Washington on the matching lines of the Exhibit of Premiums and Losses (state page) you file with the NAIC.

Excess Bail Bonds are bail bond premiums and fees beyond those you report on the state page. They're not included in Line 24 or 34. Please report these premiums using the unnumbered line under Line 34.

Schedule guidance

Foreign property and casualty companies

Schedule A - Property/Casualty Taxes

Based on what you entered in the Premium Reporting section, the form will automatically fill out some fields on this schedule.

If there's a border around a field, you can edit it. See the table below for details on filling out these fields.

Schedule A instructions for foreign property and casualty companies

Line name

State of domicile

Washington state

Reinsurance Assumed Authorized Company

Report reinsurance assumed from authorized companies

n/a

Reinsurance Assumed Unauthorized Company

Report reinsurance assumed from unauthorized companies

n/a

Dividends Paid to Policyholders

Report dividends your state of domicile allows you to claim

n/a

Losses Paid to Policyholders

Report losses paid your state of domicile allows you to claim

n/a

Other Deductions (specify)

Provide description and amount of deduction allowed, if any

n/a

Health Pool Assessment Available

Enter Health Pool Assessment your state of domicile allows you to claim

Our office fills out this field (see note below)

Property/Casualty Tax Rate

Our office fills out this field with highest allowable tax rate

Our office fills out this field

Variable tax rate adjustment

If you can edit this field, enter an adjustment that correctly calculates the tax on the final line of the schedule

n/a

Note: This schedule shows the Health Pool Assessment Available. If the credit available would reduce taxable premiums below zero, the excess credit goes to the next tax year.

Schedule B - Ocean Marine Taxes

Based on what you entered in the Premium Reporting section, the form will automatically fill out some fields on this schedule.

If there's a border around a field, you can edit it. See the table below for details on filling out these fields.

Schedule B instructions for foreign property and casualty companies

Line name

State of domicile

Washington state

Reinsurance Assumed

Report reinsurance assumed your state of domicile allows you to claim

Report reinsurance assumed

Reinsurance Ceded

Report reinsurance ceded your state of domicile allows you to claim

Report reinsurance ceded

Direct Losses Paid (Deduct Salvage)

Report direct losses paid your state of domicile allows you to claim

Report direct losses paid

Losses Paid on Reinsurance

Report losses paid on reinsurance your state of domicile allows you to claim

Report losses paid on reinsurance

Recoveries on Reinsurance Ceded

Report recoveries on reinsurance ceded your state of domicile allows you to claim

Report recoveries on reinsurance ceded

Ocean Marine Tax Rate

Our office fills out this field with highest allowable tax rate

Our office fills out this field

Variable tax rate adjustment

If you can edit this field, enter an adjustment that correctly calculates the tax on the final line of the schedule

n/a

Schedule C - Fire Marshal and/or Fire Department Taxes

Based on what you entered in the Premium Reporting section, the form will automatically fill out some fields on this schedule.

If there's a border around a field, you can edit it. See the table below for details on filling out these fields.

Schedule C instructions for foreign property and casualty companies

Line name

State of domicile

Washington state

Fire Tax Rate

Our office fills out this field with highest allowable tax rate

n/a

Variable tax rate adjustment

If you can edit this field, enter an adjustment that correctly calculates the tax on the final line of the schedule

n/a

Schedule D - Other Taxes and Credits

Line name

State of domicile

Washington state

Other Taxes Assessed (Specify)
(two lines)

Provide a specific description and amount of taxes assessed, if any (see note below)

n/a

Other Credits Allowed (Specify)
(two lines)

Provide a specific description and amount of credit allowed, if any

n/a

Note: Examples of taxes to report here include franchise tax, MTA tax, or a minimum tax.

Schedule E - Assessment Credits

We fill out assessments. You cannot edit them. The assessment credit is prorated at 20% per year for five years, unless the remaining credit is less than $1,000.

Example: Your company pays an assessment of $2,000 in calendar year 1.

  • Year 1: Credit of $400 used, $1,600 remaining.
  • Year 2: Credit of $400 used, $1,200 remaining.
  • Year 3: Credit of $400 used, $800 remaining.
  • Year 4: Credit of $800 used, $0 remaining.
Schedule E instructions for foreign property and casualty companies

Tax year

State of domicile

Washington state

2022 - 2018

For each year, enter the assessment credit your state domicile allows you to claim

Our office fills out this field

Other

Enter assessment credits before 2018 your state of domicile allows you to claim

n/a

Schedule F - Filing and Miscellaneous Fees

If your company is no longer active in Washington and this is your final return, enter $0 in both columns as the Renewal Fee.

Schedule F instructions for foreign property and casualty companies
Line name State of domicile Washington state

Renewal fee

 Enter the Certificate of Authority renewal fee your state of domicile charges foreign insurers Our office fills out this field
Annual Statement filing fee Enter the annual statement filing fee your state of domicile charges foreign insurers Our office fills out this field
Fraud Fee If you can edit this field, enter the fraud fee/assessment from your state of domicile n/a
Operating Fee If you can edit this field, enter the operating fee/assessment your state of domicile would charge a foreign insurer n/a; the Regulatory Surcharge cannot be claimed on the premium tax return
Other Misc Fees (specify)
(two lines)		 Provide description and amount of other fees your state of domicile charges (see note below) n/a

Note: Examples of Other Misc Fees include cost containment fees, exam fees, and annual service fees.

Domestic property and casualty companies

Schedule A - Property/Casualty Taxes

Based on what you entered in the Premium Reporting section, the form will automatically fill out most fields on this schedule.

If your company received premiums from unauthorized areas, report them on this schedule.

This schedule shows the Health Pool Assessment Available. If the credit available would reduce taxable premiums below zero, the excess credit goes to the next tax year.

Schedule B - Ocean Marine Taxes

Based on what you entered in the Premium Reporting section, the form will automatically fill out some fields on this schedule.

The following fields are on this schedule:

  • Report Reinsurance Assumed
  • Reinsurance Ceded
  • Direct Losses Paid
  • Losses Paid on Reinsurance
  • Recoveries on Reinsurance Ceded

Schedule C - Assessment Credits

We fill out assessments. You cannot edit them. The assessment credit is prorated at 20% per year for five years, unless the remaining credit is less than $1,000.

Example: Your company pays an assessment of $2,000 in Year 1.

  • Year 1: Credit of $400 used, $1,600 remaining.
  • Year 2: Credit of $400 used, $1,200 remaining.
  • Year 3: Credit of $400 used, $800 remaining.
  • Year 4: Credit of $800 used, $0 remaining.

Schedule D - Filing and Miscellaneous Fees

If your company no longer works in Washington and this is your final return, enter $0 as the Renewal Fee.

Summary

The form will automatically fill out these fields with information from other sections.

If you pay more than the premium taxes you owe, the excess will go toward prepayments for this calendar year. If the excess is more than your prepayments, we'll process it as a refund and notify the tax contact we have on file.

Declaration and final submission

Read the declaration before submitting the form.

If necessary, update the contact information. This information is our only way to contact your company about premium taxes and regulatory surcharges. Enter the name and title of the person who checked that the form is correct and complete.

Choose "Final Submission" to submit your form.