District Of Columbia Insurance Producer License Exam

What is the DC surplus lines premium tax rate, and who is responsible for remitting it?

3% of gross premium; remitted by the non-admitted insurer directly to DISB 3% of gross premium; remitted by the DC surplus lines broker 5% of gross premium; remitted by the insured 1% of gross premium; remitted by the admitted insurer that declined the risk

Correct Answer:

3% of gross premium; remitted by the DC surplus lines broker

Access more questions from this quiz

Continue to District of Columbia Insurance Producer License Exam for more practice questions and the full quiz experience.

Access More Questions