Tax Rate
2.50%
Filing Frequency
Annual filing required. License term is two years with birth month renewal for individuals.
Filing Method
portal
Requirements
Foreign insurers require sponsoring broker to request addition to eligible list. Alien insurers automatically eligible if on NAIC Quarterly List. Industrial insured transactions require DOI notification and documentation. Standard declination process applies (no export list).
Filing Steps
- 1Tax rate is 2.5% payable by broker
- 2Foreign insurers must be added to eligible list via sponsoring broker request
- 3Alien insurers automatically eligible if on NAIC Quarterly List
- 4No export list - standard declination process applies
- 5Industrial insured exemption requires DOI notification and documentation
- 6NRRA commercial purchaser exemption effective 7/21/2011
- 7Commissioner may order policy cancellation if insurer financial condition warrants
- 8No domestic surplus lines insurers allowed in Indiana
- 9Resident producers not required to hold $20,000 tax guarantee bond
- 10Two-year license term with birth month renewal
- 11Email address must be on file for renewal notices
- 12Retaliatory fees apply for non-resident producers from CA, CI, IL, MA, NJ
- 13Delivery network company coverage allowed since July 13, 2023
Required Forms
- Annual Surplus Lines Filing
- Industrial Insured Notification (if applicable)
- Foreign Insurer Eligibility Request (sponsoring broker)
- Standard surplus lines policy documentation
Important Notes
Indiana offers a streamlined surplus lines process with simplified eligibility requirements. Foreign insurers need a sponsoring broker to be added to the eligible list, while alien insurers are automatically eligible if on the NAIC Quarterly List. The state maintains both industrial insured and NRRA exempt commercial purchaser exemptions. No export list means standard declinations are required. The two-year licensing term and birth month renewal system provide administrative efficiency. Resident producers benefit from no bond requirement.
Frequently Asked Questions
What is the surplus lines tax rate in Indiana?
The surplus lines tax rate in Indiana is 2.50%.
When is surplus lines tax due in Indiana?
Indiana requires Annual filing required. License term is two years with birth month renewal for individuals. filings. Check with the state for specific deadlines.
How do I submit surplus lines filings in Indiana?
portal