Instructions For Form Ig-259
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1Instructions for Form IG-259
Filing requirements
Line 7
Information and assistance
Combine the amounts on line 5.1 and 5.2
All fire and casualty insurers authorized to
If you need additional information or help
of the Minnesota state page, and fill in the
write fire or inland marine insurance
to complete this form, call (651) 297-2139
result on this line.
(including extended coverage) that is
or 1-800-657-3619.
subject to Minnesota premium tax, must
TTY users may contact the department
Lines 8 and 9
file Form IG-259 even if no business is
through the Minnesota Relay Service at
conducted during the year covered by the
Special multi-peril premiums
1-800-627-3529; ask for 1-800-657-3619.
report.
Report the greater of total special multi-
We’ll provide information in an alterna-
peril or Section 1 premiums from lines 5.1
The percentages shown on Form IG-259
tive format upon request to persons with
and 5.2 of the Minnesota state page. Ocean
for fire and extended coverage must be
disabilities.
marine and automobile business is
used to break out the premium for these
excluded from this report.
perils from the total multiple peril
premium. If the insurer’s records show a
Due dates
different ratio, this ratio should be used.
Form IG-259 must be filed for each
Attach a schedule showing how you
calendar year on or before March 1 of the
figured the ratio.
following year. If the report is incomplete
Report the fire and extended coverage
or inaccurate, the department may return
portion of aircraft physical damage
the report and demand that a complete
premiums received for insurance covering
and accurate report be filed within 30 days
hangars and nonairworthy or not-in-
(see penalties).
motion aircraft.
Penalties
When reporting gross direct premiums in
column A, include policy fees, premium
If your report is not filed by the due date,
finance and other service charges.
you will be fined $25 for each seven days
(or fraction thereof) you are late to a
Line 4
maximum penalty of $200.
Extended coverage premiums
If you knowingly file an inaccurate report,
Any fire, lightning, sprinkler leakage and
you may be fined from $25 through $1,000,
extended coverage premiums included in
and your certificate of authority may be
allied lines should be broken out and
revoked. Any person responsible for filing
reported on lines 1 through 4. Do not
the report who fails or refuses to do so
include growing crops, crop hail, flood
within 30 days after the department
and rain. Attach a schedule showing
requests the report may be fined up to
premiums included in allied lines not
$1,000.
reported on lines 1 through 4.
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