New for 2022
Risk retention group tax forms were updated to match the NAIC's annual statement format.
The following lines were added to the tax form:
- 11.1 Medical Professional Liability - Occurrence
- 11.2 Medical Professional Liability - Claims-Made
- 13.1 Comprehensive (hospital and medical) ind
- 13.2 Comprehensive (hospital and medical) group (b)
- 15.9 Other Health (b)
- 18.1 Products Liability - Occurrence
- 18.2 Products Liability - Claims Made
Additionally, name changes were made to lines 15.1 - 15.7.
Filing requirements
All risk retention groups registered in the State of Washington during the calendar year must file an online tax form, as provided by this office, even if no business was actually transacted within Washington during that time. Alternate filing methods are not accepted.
Due date
The completed online form and payment must be received by the OIC on or before March 1 following the end of the calendar year. When the due date falls on a Saturday or Sunday, the form and payment are considered timely if received the next business day.
Caution: Do not mail a paper version of the form or any attachments to our office.
Completing your premium tax form
Tax is generally due on all premiums, unless specifically exempted on the tax form. If you have questions, please contact us.
Premiums reported must be on the same basis as required on the Annual Statement.
The Washington tax rate is 2%. Calculations for the Washington portion of the form will be completed automatically.
Selecting "Print" will print your form exactly as it appears on the screen, even if you have not saved your work.
The "Save progress" button does not check for errors.
Remember: Save your work before moving away from the form; your work is not automatically saved.
Premium Reporting section
Premiums as Reported on the Annual Statement
Premiums entered in this section should, with few exceptions, match premiums reported for Washington on the corresponding lines of the Exhibit of Premiums and Losses (state page) filed with the National Association of Insurance Commissioners (NAIC).
Excess Bail Bonds are bail bond premiums and fees in excess of those reported on the state page and are not included in Line 24 or 34; please report these premiums using the unnumbered line under Line 34.
Schedule A - Property/Casualty Taxes
Some fields on this schedule are populated from the Premium Reporting section of the tax form.
Editable fields are indicated by a border around the field. Refer to the table below for entry details.
Line name | State of domicile | State of Washington |
|---|---|---|
Reinsurance Assumed Authorized Company | Report reinsurance assumed from authorized companies | n/a |
Reinsurance Assumed Unauthorized Company | Report reinsurance assumed from unauthorized companies | n/a |
Reinsurance Assumed Authorized Company | Report reinsurance assumed your state of domicile allows to be claimed | n/a |
Dividends Paid to Policyholders | Report dividends your state of domicile allows to be claimed | n/a |
Losses Paid to Policyholders | Report losses paid your state of domicile allows to be claimed | n/a |
Other Deductions (specify) | Provide description and amount of deduction allowed, if any | n/a |
Variable tax rate adjustment | If editable, enter an adjustment that results in the correct tax calculation on the final line of the schedule | Pre-populated by the OIC |
Schedule B - Ocean Marine Taxes
Some fields on this schedule are populated from the Premium Reporting section of the tax form.
Editable fields are indicated by a border around the field. Refer to the table below for entry details.
Losses Paid on Reinsurance
Line name | State of domicile | State of Washington |
|---|---|---|
Reinsurance Assumed | Report reinsurance assumed your state of domicile allows to be claimed | Report reinsurance assumed |
Reinsurance Ceded | Report reinsurance ceded your state of domicile allows to be claimed | Report reinsurance ceded |
Direct Losses Paid (Deduct Salvage) | Report direct losses paid your state of domicile allows to be claimed | Report direct losses paid |
Report losses paid on reinsurance your state of domicile allows to be claimed | Report losses paid on reinsurance | |
Recoveries on Reinsurance Ceded | Report recoveries on reinsurance ceded your state of domicile allows to be claimed | Report recoveries on reinsurance ceded |
Ocean Marine Tax Rate | If editable, enter an adjustment that results in the correct tax calculation on the final line of the schedule | Pre-populated by the OIC |
Schedule C - Fire Marshal and/or Fire Department Taxes
Some fields on this schedule are populated from the Premium Reporting section of the tax form.
Editable fields are indicated by a border around the field. Refer to the table below for entry details.
Line name | State of domicile | State of Washington |
|---|---|---|
Fire Tax Rate | If editable, enter an adjustment that results in the correct tax calculation on the final line of the schedule | n/a |
Schedule D - Other Taxes and Credits
Line name | State of domicile | State of Washington |
|---|---|---|
Other Taxes Assessed (Specify) (two lines) | Provide a specific description and amount of taxes assessed, if any (see note below) | n/a |
Other Credit Allowed (Specify) (two lines) | Provide a specific description and amount of credit allowed, if any | n/a |
Note: Examples of taxes to report here may include, but are not limited to, franchise tax, MTA tax, or a minimum tax.
Summary
All fields in this section are populated from other areas of the the tax form.
Declaration and final submission
Review the Declaration and, if necessary, update the contact information.
The contact information listed here is the insurance commissioner's only point of contact for premium tax purposes; please make sure the information is accurate.
Enter the name and title of the officer who has examined the form and declares that to the best of this officer’s knowledge and belief, the information is entirely true, accurate, and complete.
Submit your form to the insurance commissioner by clicking "Final Submission."