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+--- Thread: Track insurance warning! (/showthread.php?tid=3387)
Track insurance warning! - Phokaioglaukos - 04-04-2013
I just came across this notice from PA's renenooers. Don't ask me about it, I'm just putting this out here.
UNAUTHORIZED INSURANCE
Any individual or business purchasing insurance for coverage within Pennsylvania from insurance companies or agents not licensed to do business in Pennsylvania must file an Unauthorized Gross Premiums Tax Report (RCT-122) within 30 days of each purchase or renewal. Such purchases are subject to a 2 percent premiums tax for life insurance (the rate is applied against the premium), and 3 percent premiums tax for allother types.
Any questions on the reporting and payment of unauthorized insurance gross premiums tax can be directed to 717-783-6031.