NY | The Excess Line Association of New York (“ELANY”) has issued Bulletin No. 2022-02.
This bulletin reminds all licensed excess line brokers must file a tax return (Premium Tax Statement) ELECTRONICALLY on or before March 15, 2022, even if NO business was placed under that license. New York and a number of other states assess up to a $500 penalty if you fail to file. So, be sure to file tax returns in all states requiring you to do so.