Ohio Surplus Lines Affidavit Form
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People also ask
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What is the surplus line tax in Ohio?
Surplus lines tax: 5%, payable by broker.
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What is the tax refund line for Ohio?
The Ohio Department of Taxation provides a tool that allows you to check the status of your income tax refund online. You can also call the department's individual taxpayer helpline at 1-800-282-1784.
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What is a home state for surplus lines?
Definition of home state as contained in the bill: The term ''home State'' means the State in which an insured maintains its. principal place of business or, in the case of an individual, the individual's. principal residence.
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What kind of insurance is usually written through surplus lines?
Some examples of surplus lines insurance are directors' and officers' coverage, errors and omissions insurance, catastrophic risk coverage, environmental policies, and many other specialized business coverages (employment liability, etc.)
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What is a surplus lines insurer in Texas?
Surplus lines carriers are not subject to the same state regulations as licensed insurers in the admitted market, but the companies must meet higher solvency requirements and submit to financial evaluations by the Surplus Lines Stamping Office of Texas (SLTX).
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What is a surplus line in insurance?
Surplus lines insurance is any policy that offers coverage to an insured outside of a state's admitted market. In New York, it's more likely to hear industry wonks and regulators term this coverage as “excess lines,” and many states refer to it as E&S insurance, but these terms are interchangeable.
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How do surplus lines work?
Surplus lines insurance protects against a financial risk that a regular insurance company will not take on. Surplus lines insurance policies are available in a variety of types for both individuals and businesses. Surplus lines insurance is generally more expensive than regular insurance because the risks are higher.
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How does surplus line tax work?
Surplus lines tax is a type of tax that is imposed on insurance policies that are not covered by the state's admitted insurance market. This means that the insurance policy is not regulated by the state's insurance department and is instead placed with a non-admitted insurance company.
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