Instructions For Form Dr-908n - Florida Insurance Premium Taxes And Fees Return - 2018 Page 4
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13Florida Department of Revenue Form DR-908 Instructions
DR-908N
R. 01/18
Page 4
The Department will pay interest on requested refunds not
b) Excluded Premiums - Enter excluded premiums which were
refunded by the later of:
included in direct written premiums.
• The July 31st immediately following the March 1st due date
c) Total Taxable Premiums - Enter the total taxable premiums,
of the insurance premium tax return (Form DR-908); or
after adding Line (a) additional taxable premiums and
• 90 days from receipt of a complete return.
subtracting Line (b) excluded premiums, for life policies
issued to holders in the State of Florida. Multiply the total
A complete return (Form DR-908) should contain all necessary
taxable premiums by the tax rate of 1.75 percent (.0175).
documentation establishing the overpayment. Interest paid
Enter this figure in the “Tax Due” column.
by the Department will be based upon a statutory floating
rate that may not exceed 11 percent (.11). For current and
* Be sure to include a copy of the Florida Business Page
prior year interest rates, visit our website or contact Taxpayer
from the Florida Annual Statement, (Direct Business in this
Services (see “Contact Us” on Page 2).
State) and a reconciliation of Florida premiums on the Annual
Statement to total taxable premiums.
Schedule I
Line 3. Accident and Health
Computation of Insurance Premium Tax
Enter the Florida direct premiums written (gross premiums
minus reinsurance assumed and returned premiums), which
Line 1. Property/Casualty/Miscellaneous
are reported on the Florida Business Page from the Florida
Enter the Florida direct premiums written (gross premiums
Annual Statement.
minus reinsurance assumed and returned premiums), which
are reported on the Florida Business Page from the Florida
a) Additional Taxable Premiums – Enter additional taxable
Annual Statement.
premiums. Some examples of additional taxable premiums
a) Additional Taxable Premiums - Enter additional taxable
are: finance and service charges, and managing general
premiums. Some examples of additional taxable premiums
agent fees.
are: finance and service charges, and managing general
b) Excluded Premiums - Enter excluded premiums which
agent fees.
were included in direct written premiums. This includes any
b) Excluded Premiums - Enter excluded premiums which were
premium that is federally preempted from state taxation.
included in direct written premiums. This includes any
Some examples of excluded premiums that are included
premium that is federally preempted from state taxation.
in direct premiums written are: federally preempted
Some examples of excluded premiums that are included
federal employee health benefit plan premiums; federally
in direct written premiums are: Motor Vehicle Service
preempted Medicare part D premiums; and federally
Agreement premiums and Service Warranty Association
preempted Medicare Choice Plus premiums.
premiums under Chapter 634, F.S., that are subject to
c) Total Taxable Premiums - Enter the total taxable premiums,
sales tax; Federal Crop Insurance Corporation premiums
after adding Line (a) additional taxable premiums and
and premiums reinsured by the Federal Crop Insurance
subtracting Line (b) excluded premiums, for accident and
Corporation that are preempted from state taxation under
health policies issued to holders in the State of Florida.
s. 400.352 of Chapter IV of Title 7 of the Code of Federal
Multiply the total taxable premiums by the tax rate of 1.75
Regulations; free premiums (uncollected premiums from
percent (.0175). Enter this figure in the “Tax Due” column.
policies where insurance coverage was provided without
being paid by policyholder - net of subsequent collected
* Be sure to include a copy of the Florida Business Page
amounts); federally preempted federal employee health
from the Florida Annual Statement, (Direct Business in this
benefit plan premiums; and federally preempted Medicare
State) and a reconciliation of Florida premiums on the Annual
part D and Medicare Choice Plus premiums.
Statement to total taxable premiums.
c) Total Taxable Premiums - Enter the total taxable premiums,
Line 4. Prepaid Limited Health Service Organizations
after adding Line (a) additional taxable premiums and
Premiums, contributions, and assessments received by
subtracting Line (b) excluded premiums, for property/
prepaid limited health service organizations under Chapter
casualty and miscellaneous policies issued to holders in the
636, F.S., are taxable at a rate of 1.75 percent (.0175). Enter
State of Florida. Multiply the total taxable premiums by the
the taxable premiums, contributions, and assessments and
tax rate of 1.75 percent (.0175). Enter this figure in the “Tax
then multiply this amount by the tax rate of 1.75 percent
Due” column.
(.0175). Enter the result in the “Tax Due” column.
* Be sure to include a copy of the Florida Business Page
Line 5. Commercial Self-Insurance Funds
from the Florida Annual Statement, (Exhibit of Premiums
Premiums, contributions, and assessments received by
and Losses) and a reconciliation of Florida premiums on the
commercial self-insurers under s. 624.475, F.S., are taxable
Annual Statement to total taxable premiums.
at a rate of 1.6 percent (.016). Enter the taxable premiums,
contributions, and assessments and then multiply this amount
Line 2. Life
by the tax rate of 1.6 percent (.016). Enter the result in the
Enter the Florida direct premiums written (gross premiums
“Tax Due” column.
minus reinsurance assumed and returned premiums), which
are reported on the Florida Business Page from the Florida
Line 6. Group Self-Insurance Funds
Annual Statement.
Premiums, contributions, and assessments received by group
self-insurers under s. 624.4621, F.S., are taxable at a rate of
a) Additional Taxable Premiums - Enter additional taxable
1.6 percent (.016). Enter the taxable premiums, contributions,
premiums. Some examples of additional taxable premiums
and assessments and then multiply this amount by the tax rate
are: finance and service charges, and managing general
of 1.6 percent (.016). Enter the result in the “Tax Due” column.
agent fees.
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