Okla. Stat. tit. 36, § 36-629
This is the official text of Okla. Stat. tit. 36, § 36-629, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Estimate and prepayment of premium tax - Crediting
Official statutory text
A. Every insurance company transacting business in this state
whose premium tax, paid with respect to the previous calendar year's
premiums, was One Thousand Dollars ($1,000.00) or more, shall make
an estimate each year as provided herein and remit with each
estimate a prepayment of its annual premium tax for the current
calendar year equal to one-fourth (1/4) of its annual premium tax
paid with respect to the previous calendar year's premiums.
Estimates, with remittance, shall be made on or before April 15,
June 15, September 15 and December 15, respectively.
B. All sums prepaid by an insurance company shall be allowed as
credits against its annual return for premium tax payable on or
before the first day of March. If sums prepaid exceed the insurance
company’s annual premium tax payable on or before the first day of
March, the excess shall be refunded or shall be allowed as credits
against subsequent prepayments of the tax as the insurance company
shall elect on the annual return for premium tax filed for the year
by the insurance company with respect to which such excess
prepayments were made. Provided, in the case of an insurance
company which has made prepayments of its premium tax in excess of
its annual premium tax payable, the part of the excess prepayments
as has not been credited against subsequent prepayments of the tax
shall be refunded to the insurance company upon application within
one hundred eighty (180) days after application is made.
whose premium tax, paid with respect to the previous calendar year's
premiums, was One Thousand Dollars ($1,000.00) or more, shall make
an estimate each year as provided herein and remit with each
estimate a prepayment of its annual premium tax for the current
calendar year equal to one-fourth (1/4) of its annual premium tax
paid with respect to the previous calendar year's premiums.
Estimates, with remittance, shall be made on or before April 15,
June 15, September 15 and December 15, respectively.
B. All sums prepaid by an insurance company shall be allowed as
credits against its annual return for premium tax payable on or
before the first day of March. If sums prepaid exceed the insurance
company’s annual premium tax payable on or before the first day of
March, the excess shall be refunded or shall be allowed as credits
against subsequent prepayments of the tax as the insurance company
shall elect on the annual return for premium tax filed for the year
by the insurance company with respect to which such excess
prepayments were made. Provided, in the case of an insurance
company which has made prepayments of its premium tax in excess of
its annual premium tax payable, the part of the excess prepayments
as has not been credited against subsequent prepayments of the tax
shall be refunded to the insurance company upon application within
one hundred eighty (180) days after application is made.
Status: in_force · Read it on the official government site
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