Fillable Form Ig259 - Firetown Premium Report

2017 Form IG259 Instructions

For insurance tax laws, see Minnesota Statutes, Chapter 297I at

Filing Requirements

If you knowingly file an inaccurate report,

ums on line 2b (line 2.1, Minnesota state

you may be fined from $25 to $1,000, and

page).

All fire and casualty insurers that write or

your certificate of authority may be revoked

are authorized to write fire or inland marine

Lines 3a and 3b

by the Department of Commerce. Any

insurance (including extend coverage)

Enter all farmowners and homeowners

person responsible for filing the report who

subject to Minnesota premium tax, must file

multi-peril premiums written (lines 3 and 4,

fails or refuses to do so within 30 days after

Form IG259 even if no business is conduct-

Minnesota state page).

the department requests the report may be

ed during the year covered by the report.

fined up to $1,000.

Line 3c

(M.S. 297I.25, subd. 2; M.S. 69.021)

(M.S. 69.021, Subd. 3)

Enter the nonliability portion of all com-

mercial premiums written (line 5.1, Min-

Instructions

nesota state page).

File Electronically

Check Boxes

Line 3d

Options are available to electronically pre-

At the top of the form, check if the return

Enter the liability portion of all commercial

pare and file this report. Electronic Filing

is:

premiums written (line 5.2, Minnesota state

is a secure, fast and easy way to file.

page).

For more information, go to our website

• an Amended Return: Check only if you

are amending a previously filed return

Line 4

for the same period. Include all original

Enter all inland marine premiums (line 9,

and corrected premiums on the amended

Minnesota state page).

return.

Due Date

• a No Activity: Check only if you did not

Line 5

File Form IG259 for each calendar year by

sell any insurance that had fire, lightning

Enter all earthquake premiums (line 12,

March 1 of the following year. If the report

or sprinkler leakage coverage for the

Minnesota state page).

is incomplete or inaccurate, the department

year.

may return the report and demand that a

Line 6

Line Instructions

complete and accurate report be filed within

Report the fire and extended coverage por-

30 days (see Penalties).

Premiums must include finance, service

tion of aircraft physical damage premiums

or other charges paid to the insurer as well

The U.S. postmark date, or date recorded or

received for insurance covering hangars and

as dividends applied for new, renewal or

marked by a designated delivery service, is

non-airworthy or not-in-motion aircraft.

extended insurance.

considered the filing date (private postage

Note: Do not include ocean marine and

meter marks are not valid). When the due

Line 1

automobile business on this report.

date falls on a Saturday, Sunday or legal

Enter fire, lightning and sprinkler leakage

holiday, returns postmarked on the next

Line 7

premiums (line 1 of your NAIC Minnesota

business day are considered timely. When a

state page).

Report any other fire, lightning, sprinkler

return is filed late, the date it is received at

leakage or extended coverage. Attach a

the Department of Revenue is treated as the

Lines 2a and 2b

schedule.

date filed.

Enter all crop premiums written for allied

lines on line 2a and other than crop premi-

Information and Assistance

Penalties

Website:

If your form IG259 is not filed by the due

Email:

insurance.taxes@state.mn.us

date, you will be fined $25 for each seven

Phone:

651-556-3024

days you are late (or fraction thereof) to a

This material is available in alternate

maximum penalty of $200.

formats.

For questions about licensing and regula-

tions, contact the Minnesota Department of

Commerce:

Website:

Email:

licensing.commerce@state.mn.us

Phone:

651-539-1599 or 1-800-657-3978

Form Ig259 - Firetown Premium Report - 2017 Page 2

Related Articles

Related forms

Related Categories