NY| ELANY Bulletin No. 2024-24 provides detailed guidance on the requirements and deadlines for 2024 affidavit filings and premium tax statement submissions for New York excess line brokers. It emphasizes electronic tax filing obligations, critical cutoff dates, and specific procedures to ensure timely and accurate reporting of premium transactions during the 2024 tax year.
Key Points:
- All excess line affidavits and premium-bearing endorsements for 2024 must be submitted to ELANY by February 14, 2025, to be included in year-end tax summary reports; late submissions require manual reporting on the tax statement.
- Licensed excess line brokers are required to file annual premium tax statements electronically through the New York Department of Financial Services website, unless a written exemption request is approved; every licensee must file a return, even if no business was written in 2024.