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Section 9108 of the New York State Insurance Law requires that every insurance company authorized to do business in New York State collect, in addition to the applicable premium charge, a fire insurance fee, separately identified and charged to each policyholder, from each such holder of a policy issued in the state or for delivery in the state for coverage of peril of fire, excluding a policy for protection of household furnishings and/or policies issued to protect one or two-family residential structures, schools, churches and hospitals.
Payment Schedule
Fees are paid quarterly by insurance companies to the Department, after deducting from such gross premiums, (i) premiums upon policies not taken and (ii) premiums returned on cancelled policies, as follows: April fifteenth, July fifteenth, October fifteenth, and January fifteenth to reflect the net collections for the quarters ending March thirty-first, June thirtieth, September thirtieth, and December thirty-first, respectively.
Annual Fee Exhibit
Insurance companies are also required to complete and submit the Fire Insurance Fee Exhibit as a part of the New York Supplement to the Annual Statement.
Filing Options
Insurance companies that wish to submit the Fire Insurance Fee online, may do so via the DFS Portal or through the Online Premium Tax for Insurance system (OPTIns) system offered by the National Association of Insurance Commissioners (NAIC).
File Online via the DFS Secure Portal and DFS ID
You will use DFS ID and multi-factor authentication (MFA) to access the DFS Portal.
Invitations to access DFS ID are sent by DFS or by an Entity Administrator. To sign in, you will need to use an authenticator app like Microsoft Authenticator, or Google Authenticator on a mobile device.
To get started, use the DFS Portal button below and sign in using DFS ID credentials and your MFA authenticator:
If you have forgotten your DFS ID password use the ‘Forgot Password?’ link in DFS ID to generate a new one-time use link. If you did not complete your registration, or no longer have access to an email account, visit DFS ID to learn how to get help.
Browsers and Blockers
- Use a supported browser: The latest version plus one previous of IE, FF, Chrome and Safari, are supported.
- Disable “Pop-up Blocker” settings in your browser before using portal applications.
- Maintenance: This application may be unavailable daily from 7:30am to 7:45am for scheduled maintenance.
- Applications may not be compatible with cell phones, tablets or other mobile devices.
Paper Form
Insurers unable to access the portal should submit Form OFM-5 (Fillable PDF) along with required fees. This form should also be used to submit amended filings.
Associated Circular Letters
Questions
Questions regarding Fire Insurance Filings should be directed to [email protected].