Stewart Title Guaranty Co. v. State Tax Assessor

CourtSuperior Court of Maine
DecidedMay 5, 2005
DocketKENap-04-17
StatusUnpublished

This text of Stewart Title Guaranty Co. v. State Tax Assessor (Stewart Title Guaranty Co. v. State Tax Assessor) is published on Counsel Stack Legal Research, covering Superior Court of Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Stewart Title Guaranty Co. v. State Tax Assessor, (Me. Super. Ct. 2005).

Opinion

STATE OF MAINE SUPERIOR COURT

CIVIL ACTION

KENNEBEC, ss. DOCKET NO. AP-04-17 STEWART TITLE GUARANTY, CQy<#" ee

Petitioner

Vv. COR oz we DECISION ON APPEAL STATE TAX ASSESSOR, nese » Cat Respondent

This matter comes before the court on cross-motions for summary judgment filed by the parties on the petitioner’s petition pursuant to M.R. Civ. P. 80C for review of governmental action. Since the court agrees with the petitioner that the State Tax Assessor has improperly applied the statute in question, the present order by the respondent will be vacated. However, since the court also agrees with the respondent that an alternative tax may be applicable, the matter will be remanded for those calculations.

Factual Background

The present dispute arises out of the assessment of taxes on fees charged to the parties to real estate conveyances in which the petitioner, Stewart Title Guaranty Co. (“STG”), was the underwriter of title insurance. STG is a national title insurance - company headquartered in Texas and licensed to sell its insurance products in the State of Maine. While most title insurance companies not only provide insurance underwriting but also other title-related services, STG is unique within the industry in that it only deals with insuring title risks. The other title services, such as title searches and examinations, preparation of title reports and policy issuance, are performed by

independent and affiliated agents under contract to the petitioner. These agents also

engage in numerous other tasks beyond their duties to STG, including preparing documents, securing mortgage payoffs, administering closings and acting as escrow agents. These additional services are factored into the fees charged to customers at closing.

None of petitioner’s agents are authorized to underwrite insurance risks. In addition to acting as the petitioner’s agent, its affiliated agents have acted as agents for other title insurance companies as well. When petitioner’s agents issue a title insurance policy in its name, they collect fees from the buyers and lenders at a real estate closing. By contract with STG, its agents are free to charge customers such fees as may be permitted as long as they do not impose an obligation on the petitioner. A proportion of the fees collected by the agents is defined by contract as the “gross risk rate premium,” which typically amounts to between 10% and 40% of the total amount collected from the customer. STG’s only affiliated agent in Maine is Stewart Title of Northern New England, Inc. Under its contract, STG receives 25% of the total customer charges as gross risk rate premiums. The other 75% -- the amount received over and above the gross risk rate premium -- is retained by the agent for its own services. The petitioner uses the gross risk rate premiums remitted to it to fund its insurance reserves and cover its overhead costs.

Beginning in 1987, the National Association of Insurance Commissioners (“NAIC”) promulgated instructions to guide title insurance carriers and provide consistency in reporting financial data by using a standardized form known as the “Schedule T.” The Schedule T was to include as “direct premiums written” the entire amount charged to customers regardless of whether those amounts were ultimately

remitted to the insurer. However, the NAIC instructions make clear that these amounts

are “not intended to be used for the calculation of the amount premium tax due.” Instead, NAIC directs insurers to submit a separate schedule to taxing authorities.

Between 1987 and 2002, the petitioner submitted both the Schedule T as well as separate schedules to State taxing authorities to distinguish between amounts charged to customers and amounts actually remitted to STG. Until 2002, the respondent State Tax Assessor accepted this methodology by which the petitioner calculated its Maine premium tax liability by reducing the amount reported on the Schedule T by the amounts retained by its agents.

In September of 2002, Maine Revenue Services (“MRS”) issued STG a notice informing it that it owed the State an additional amount for premium taxes. A similar notice was issued in March of 2003. In February of 2004, MRS notified STG it owed additional premium taxes for tax years 2000 and 2002, and later denied requests for reconsideration of the 1999 and 2001 assessments.

The reason for the different calculations is the position of the respondent that premium tax must be paid on the total amounts collected from the client real estate consumers, while the petitioner argues that its historic method of calculation, based only on that portion of the total charges which it ultimately receives for title insurance coverage, is the proper method for calculation.

The respondent filed timely appeals from agency action pursuant to MLR. Civ. P. 80C (now consolidated).

Discussion

On a petition for review of a decision of the Assessor, the Superior Court conducts a de novo hearing and makes a de novo determination of the merits of the case. The key issue in the present case is the meaning of the term “gross direct

premium,” as used in the applicable statute which reads:

Every insurance company or association that does business or collects

premiums or assessments including annuity considerations in the State...

shall, for the privilege of doing business in this State, and in addition to

any other taxes imposed for such privilege pay a tax upon all gross direct

premiums including annuity considerations, whether in cash or otherwise,

on contracts written on risks located or resident in the State for insurance

of life, annuity, fire, casualty and other risks at the rate of 2% a year...

36 M.R.S.A. § 2513 (2004). The key phrase “gross direct premiums,” is not defined further in the Tax Code, though it is mentioned in the Insurance Code. According to the respondent, without citation, the Maine Revenue Service has treated the term “gross direct premiums” in 36 M.R.S.A. § 2513 as the equivalent of direct premiums reported by title insurers on the Schedule T, which is then consistent with the definition of “premium” set forth in 24-A M.R.S.A. § 2403. This argument is substantially eroded by the fact that the Revenue Service has allowed the petitioner to report its “gross direct premiums” in a schedule separate from the Schedule T for a period of 15 years.

After reviewing the various arguments on both sides, the court is more persuaded by the arguments of the petitioner concerning the definition of the term “gross direct premiums.” That definition, which limits the term to that portion of property buyers payments specifically attributed to title insurance and specifically received by the petitioner as payment for such insurance coverage. One of the petitioner’s persuasive arguments is that the legislature would not have intended this term to cover anything other than what the insurer actually received as premiums for the insurance, as opposed to incidental charges for title searches, document preparation, etc., as reflected in the provisions of 36 M.R.S.A. § 2515. While the Law Court has provided little guidance as to the definition of the word “premium,” the petitioner also points to decisions from other jurisdictions including Allstate Insurance Co. v. State Board

of Equalization, 336 P.2d 961, 964 (Cal. 1959). In addition, there is the rationale stated in

an Opinion of the Attorney General in 1966, specifically with regard to this section, in

which it was noted that the word “premium” in its “proper and accepted sense [] means the amount paid to the company as consideration for insurance.” Op. Me. Att’y Gen. (Jan. 5, 1966).

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Related

Allstate Insurance v. State Board of Equalization
336 P.2d 961 (California Court of Appeal, 1959)
First American Title Insurance v. Department of Revenue
27 P.3d 604 (Washington Supreme Court, 2001)

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Bluebook (online)
Stewart Title Guaranty Co. v. State Tax Assessor, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stewart-title-guaranty-co-v-state-tax-assessor-mesuperct-2005.