Insured FAQ
What is Fire Marshal Tax and why do I
have to pay it?
Fire Marshal Tax is charged on all surplus line insurance
transactions in the State of Illinois by authority of Section
445 of the Illinois Insurance Code (215 ILCS 5/445). The surplus line
producer is required by law to remit this tax to the state on all property
insurance contracts written under his or her license. The law also permits the
producer to collect this tax from the insured. For a definition of
surplus line insurance, click here.
Disclaimer
The materials and information contained herein are only synopses of laws, regulations
and other information and do not constitute
legal advice. It is recommended that you consult your legal advisers regarding
application of the Illinois surplus line laws and regulations to any particular
situation. The Surplus Line Association does not undertake and hereby
disclaims any obligation to advise you of any change to the Illinois surplus
line laws and regulations or the procedures of the Surplus Line Association.
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