This is a legal form that was released by the Maine Department of Administrative and Financial Services - a government authority operating within Maine. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form INS-7?
A: Form INS-7 is the Nonadmitted Premiums Tax (Self Procured & Surplus Lines) Annual Reconciliation/Return for the state of Maine.
Q: Who needs to file Form INS-7?
A: Insurance companies and surplus lines brokers who conduct business in Maine and have nonadmitted premiums are required to file Form INS-7.
Q: What is the purpose of Form INS-7?
A: Form INS-7 is used to report and reconcile the nonadmitted premiums tax liability for self-procured and surplus lines insurance.
Q: When is Form INS-7 due?
A: Form INS-7 is due annually on March 1st.
Q: Are there any penalties for not filing Form INS-7?
A: Yes, failure to file Form INS-7 or underreporting the tax liability may result in penalties and interest charges.
Form Details:
Download a fillable version of Form INS-7 by clicking the link below or browse more documents and templates provided by the Maine Department of Administrative and Financial Services.