Fire Tax Information
Distribution of Funds and Direct Deposit
The Department of Financial Services requires participation in the direct deposit program for distribution of the foreign fire tax funds that are payable on or before July 1 of each year.
If you received the prior year distribution by direct deposit and the bank account information remains the same for the current year, no action is necessary. If your bank account information has changed from last year, in addition to completing a new Direct Deposit Authorization Form with the updated information, please also provide a copy of a voided/cancelled check or other bank documentation so that the routing and account numbers can be verified.
The completed form and supporting account documentation are required to be submitted by June 15th of the distribution year to [email protected].
2020 Report of Premiums
Foreign and alien stock and mutual insurance companies authorized to transact fire insurance business in New York State are required to pay an annual fire insurance premium tax of 2% on premiums written on property located in the State for any insurance against loss or damage by fire.
A report must be submitted identifying tax due by fire district/department, in either a text file or Excel file in the format designated, pursuant to Insurance Law § 9105, must file and make payments by February 15, or next business day when the due date falls on a weekend, for amounts due related to the preceding calendar year.
Foreign and alien stock companies, pursuant to Insurance Law § 9104, must file and make payments by March 1, or next business day when the due date falls on a weekend, for amounts due related to the preceding calendar year. Late filings are subject to penalty and interest pursuant to Insurance Law §9109. Filings are to be submitted by email only. Please label all submissions with the name of the company, NAIC number, company contact person, telephone number, and email address.
Fair Plan Information
On January 8, 2021 the New York Property Insurance Underwriting Association sent to all member companies reports for the calendar year ended December 31, 2020. The following is a summary of this information for inclusion in the Report of Premiums:
- Line A01a = 2020 company participation percentage times 12,403,370
- Line B02a = 2020 company participation percentage times 16,291,872
- Line A01b = 2019 company participation percentage times -99,464
- Line B02b = 2019 company participation percentage times -152,039
Company participation rates are available on the Property Insurance Plans Service Office website at www.pipso.com. Questions about the above figures or a company’s participation rate should be directed to the New York Property Insurance Underwriters Association by email to www.nypiua.com/email.asp or by calling (212) 208-9700.
Fire Department/District street lists are available on the DFS Portal. Find your Fire Department/District by typing the name or code (do not hit enter) and then choosing from the dropdown menu.:
Note: Please review the streets listed for accuracy. It is the responsibility of the Fire Department/District to notify the DFS of any changes or corrections to the Street Listings via email to [email protected]
If you have questions concerning any of the above, please contact the DFS Office of Financial Management by email at [email protected]