NAC685A.420. Allocation of premiums for risks or exposures; filing of premium taxes.

For the purpose of determining the tax payable to the Commissioner pursuant to NRS 685A.180:

     1. For a multi-state risk:

     (a) If the Commissioner has entered into a multi-state agreement pursuant to NRS 685A.185, a broker shall use the allocation formulas and filing procedures established pursuant to the multi-state agreement to determine the allocation to this State of premiums as to persons, property, subjects or risks in this State insured under policies and contracts covering persons, property, subjects or risks located or resident in more than one state.

     (b) If the Commissioner has not entered into a multi-state agreement pursuant to NRS 685A.185, a broker shall file premium taxes through the Surplus Lines Information Portal, or a successor system, of the nonprofit organization of surplus lines brokers formed pursuant to NRS 685A.075 for all risks for which Nevada is the home state of the insured.

     2. For a risk with exposure located solely in Nevada, a broker shall file premium taxes through the Surplus Lines Information Portal, or a successor system, of the nonprofit organization of surplus lines brokers formed pursuant to NRS 685A.075.

     (Added to NAC by Comm’r of Insurance, eff. 12-13-96; A by R034-12, 9-14-2012)