Frequently Asked Questions
Taxability of Fees

The State of Ohio advised us that company fees are viewed just like premium and are taxable.   Broker fees, program manager and underwriting manager fees are not taxable.

Exempt Commercial Purchaser Regulations

Section 3905.331  of the Ohio Revised Code addresses this issue.

Corporate Surplus Lines Licenses in Ohio

The ODI Surplus Lines Licensing page covers this.

If commissions are paid to an individual, the individual must be surplus lines licensed and must file and pay taxes.

If commissions are paid to a business entity, the business entity must be surplus lines licensed and is responsible for all filings and taxes.

Industry Links

A.M. Best – Insurance company ratings and financial information

AIA –  The American Insurance Association

Big “I” News – Latest News from the Big I

III  – Insurance Information Institute

IIABA – Independent Insurance Agents and Brokers of America

NAIC – National Association of Insurance Commissioners

NCOIL – National Conference of Insurance Legislators

OIA – Ohio Insurance Agents Association

OII – Ohio Insurance Institute

PIA National – National Association of Professional Insurance Agents

SILA – Securities and Insurance Licensing Association

WSIA – Wholesale & Specialty Insurance Association

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