CA | The California Insurance Commissioner today issued Bulletin 1388. This notice authorizes automatic extensions of up to three months for filing and payment of premium tax returns of less than $1 million dollars, based on 2019 Annual Tax Liability.
The automatic extension is effective as of March 30, 2020. Any insurer or surplus lines broker qualifying for the extension will also be automatically relieved from any penalties or interest that would otherwise apply.
Any insurer or surplus lines broker who does not qualify for the automatic extension may still request an extension from the Department of Insurance’s Premium Tax Audit Unit.
Click here to read the full notice, which includes a schedule of original and extended due dates for various filings and payments.