§ 9103 — Tax return to be filed with superintendent; audit; examination

New York § 9103

• Jurisdiction: New York
• Law ISC: Insurance
• Art. 91: Taxes and Fees

Text

§ 9103. Tax return to be filed with superintendent; audit;\nexamination. (a) (1) Whenever this article requires an insurer to file a\ntax return, such return shall be subscribed by a responsible officer of\nsuch insurer and affirmed by such officer as true under the penalties of\nperjury.\n (2) The return shall be upon a form prescribed and furnished by the\nsuperintendent, and shall be filed with the superintendent. Such form\nshall be arranged for the convenient determination of the amount of\ntaxes due pursuant to this article and reconciliation of the net taxable\npremiums shown in such return with the amounts of total gross and net\npremiums shown in the annual statement of the insurer.\n (b) The superintendent shall require, as a part of every tax return of\ntaxes payable under section one thousand five hundred ten of the tax\nlaw, supplemental schedules showing:\n (1) Premiums on reinsurance assumed, covering property or risks\nlocated or resident in this state, and the insurers from whom assumed;\nand\n (2) Direct premiums, less returns, on which the tax provided for in\nsection nine thousand one hundred four of this article or in the\ncharters of the cities of New York and Buffalo, has been paid.\n (c) In every such return the reporting of premiums for tax purposes\nshall be on a written basis or on a paid for basis, consistent with the\nbasis required by the annual statement of the insurer filed with the\nsuperintendent pursuant to section three hundred seven of this chapter.\n (d) Every such return shall be subject to audit by the superintendent\nat any time, and for such purpose he may make such examination or\ninvestigation as he deems expedient.\n