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OPTins Announcements This page was last updated June 4, 2020 About OPT ins OPT ins is the Online Premium Tax for Insurance application developed and supported by the NAIC In addition to facilitating the collection of premium tax forms and payments, OPT ins will also expedite the submission of surplus lines tax forms and payments, Annual Contracted Producer Reports, and payments and other state
Tutorials - OPTins Click on any link below to access the corresponding topic Getting Started Managing Entities Login and Online Help User Administration EFT Report Filing Search Create Filings
OPTins Announcements This page was last updated January 22, 2015 About OPT ins OPT ins is the Online Premium Tax for Insurance application developed and supported by the NAIC In addition to facilitating the collection of premium tax forms and payments, OPT ins will also expedite the submission of surplus lines tax forms and payments, Annual Contracted Producer Reports, and payments and other state
OPTins OPT ins facilitates the submission of premium tax, surplus lines, Annual Contracted Producer Report, and other state specific filings and payments to the participating states States can securely collect payments and review the submissions electronically The NAIC has partnered with TriTech, allowing PREMIUM Pro software users the capability of submitting their premium tax forms and payments
OPTins Keep in mind that the "Process Date" is the date that the payment initiation process begins If your filing is due to the state on a particular date, be sure to schedule your filing at least two (2) business days prior to that date to ensure that payment has been generated and received by the state
OPTins Access the OPTins system to manage premium tax forms and payments for insurance companies
OPTins There are two payment methods available in OPT ins: ACH Debit and ACH Credit It is important to keep in mind that since you, the company, creates the ACH credit transaction, there is greater responsibility placed upon you to ensure the data is entered accurately into your banking system If there are any discrepancies, the filing and taxes owed will not be submitted to the state This could
EXHIBIT C - optins. org Submit Form OPTins is a simple three-step process, which facilitates the electronic submission of premium taxes, surplus lines taxes, assessments and other state-specific filings Fees are transmitted via ACH debit or ACH credit, to assure that your funds will be received by the state in a timely and secure manner Surplus Lines transaction fees are 5% of the total amount due to the state, not
INDUSTRY - OPTins Although the term “electronic funds transfer” encompasses a variety of technologies, the NAIC has limited the scope to ACH for OPTins transactions This technology is widely available, standard, secure, and inexpensive