Form Ig262 - Fire Safety Surcharge Return For Mutual Companies - 2013 Page 3
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32013 Form IG262 Instructions
(continued)
Business Information
Line 4
Line 13
Enter all inland marine premiums (line 9,
Penalties
Changes
Late Payment. If you don’t pay the entire
Minnesota state page).
Be sure to let us know within 30 days if you
surcharge by the due date, a late payment
change mailing addresses, phone numbers
Line 5
penalty is due. The penalty is 5 percent of
or any other business information. To do so,
Enter all ocean marine premiums (line 8,
the unpaid surcharge for any part of the first
go to our website, login to e-Services and
Minnesota state page).
30 days the payment is late, and 5 percent
update your profile information. By notify-
for each additional 30-day period, up to a
ing us, we will be able to let you know of
Line 6
maximum of 15 percent.
any changes in Minnesota tax laws and filing
Enter all earthquake premiums (line 12,
Late Filing. Add a late filing penalty to the
requirements.
Minnesota state page).
late payment penalty if your return is not
Line 7
filed by the due date. The penalty is 5 per-
Information and Assistance
Enter all total auto physical damage pre-
cent of the unpaid surcharge. When added
Website:
miums (lines 21.1 - 21.2, Minnesota state
to the late payment penalty, the maximum
Email:
insurance.taxes@state.mn.us
page) OR the appropriate type of premiums
combined penalty is 20 percent.
on lines 7a through 7f.
Phone:
651-556-3024 (TTY: Call 711 for
Payment Method. If you are required to
Minnesota Relay)
The total auto physical damage premiums,
pay electronically and do not, an additional
if listed by breakdown (lines 7a through 7f),
5 percent penalty applies to payments not
We’ll provide information in other formats
should equal total auto physical damage
made electronically, even if a paper check is
upon request to persons with disabilities.
premiums on the state page of your annual
sent on time.
statement.
Line 14
Line 8
Interest
Enter all aircraft physical damage premiums
You must pay interest on the unpaid
(line 22, Minnesota state page).
surcharge plus penalty from the due date
until the total is paid. The interest rate for
Line 9
calendar year 2013 is 3 percent. The interest
Include all other premiums collected for
rate may change for future years.
fire, sprinkler and lightning damage if not
To figure how much interest you owe, use
already included. Provide a breakdown
the following formula with the appropriate
schedule showing the fire portion. For pack-
interest rate:
age policies, the fire insurance portion may
be broken out to more accurately reflect the
Interest = (surcharge + penalty) × # of days
correct portion of fire premiums. Include a
late × interest rate ÷ 365
schedule detailing the breakdown.
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Parent category: Financial