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Tax Rates
- LIFE INSURERS:
- Life: 2.25%
- Accident & Sickness: 2.25%
- Disability: 2.25%
- Double Indemnity: 2.25%
- Industrial Sick Benefit: 1.00%
- PROPERTY & CASUALTY INSURERS:
- All lines (except Workers' Compensation*): 2.25%
*For these rates, contact the Workers'
Compensation Commission at (804) 367-0580
- Risk Retention Groups: 2.25%
- Title: 2.25%
- Home Protection: 2.25%
- Domestic Mutual Assessment P&C: 1.00%
or exempt,
if the insurer is one which:
A) confines its business to not more than four contiguous counties & cities located
therein and wholly surrounded thereby in the Commonwealth, if any such city has
a population of not more than 30,000, or B) confines its business to more than
four contiguous counties in the Commonwealth if such counties together have a population
not in excess of 100,000.
- OTHER INSURERS:
- Dental & Optometric:
- Income derived from individuals and open enrollment: 0.75%
- Income derived from other subscription contracts: 2.25%
- Health Services Plans:
- Income derived from individuals and open enrollment: 0.75%
- Income derived from other subscription contracts: 2.25%
- Legal Services Plans: 2.25%
- Joint Underwriting Association: 2.25%
- MISCELLANEOUS ASSESSMENTS:
- Maintenance Assessment for Bureau of Insurance: 0.03%
- Fire Programs Fund Assessment:1.00%
- Flood Prevention and Protection Assessment Fund Assessment: 1.00%
- HEAT Assessment: 0.25%
- Fraud Assessment: 0.05%
- MCHIP Assessment: NOT BEING COLLECTED AT THIS TIME
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