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 FOR 2006

 

contact text

Email: bureauofinsurance@scc.virginia.gov Phone: Senior Tax Examiner at (804) 371-9096 Office Supervisor at (804) 371-9239