Privilege tax for foreign and domestic insurance companies; fee for amending privilege license

  1. Law
  2. Mississippi Code
  3. Taxation and Finance
  4. Statewide Privilege Taxes
  5. Insurance Taxes
  6. Privilege tax for foreign and domestic insurance companies; fee for amending privilege license

Checkout our iOS App for a better way to browser and research.

  1. Upon each foreign insurance company licensed as a single line company defined under Section 83-19-1, the privilege tax is as follows:
    1. Fire and Allied Lines and/or Industrial Fire. . . . .$200.00
    2. Casualty/Liability. . . . .$200.00
    3. Fidelity and/or Surety. . . . .$200.00
    4. Workers' Compensation. . . . .$200.00
    5. Boiler and Machinery. . . . .$200.00
    6. Plate Glass. . . . .$200.00
    7. Aircraft. . . . .$200.00
    8. Inland Marine and/or Ocean Marine. . . . .$200.00
    9. Automobile Physical Damage/Automobile Liability. . . . .$200.00
    10. Homeowners/Farmowners. . . . .$200.00
    11. Guaranty/Mortgage Guaranty. . . . .$200.00
    12. Trip Accident and Baggage. . . . .$200.00
    13. Legal. . . . .$200.00
    14. Life and/or Accident and Health; Credit Life, Accidentand Health; Industrial Life, Accident and Health; andVariable Contracts. . . . .$200.00
    15. Title. . . . .$200.00
    16. Fraternal. . . . .$ 50.00
  2. For any combination of classifications of a foreign insurance company, the privilege tax for a multiple line company shall be Three Hundred Fifty Dollars ($350.00).
  3. Any stock, mutual, reciprocal or reinsurance company shall pay the appropriate privilege tax for each line of insurance the company is licensed to underwrite.
  4. For each domestic insurance which has its home office located in Mississippi, the privilege tax shall be one-half (1/2) of the fees listed in this section.
  5. Each insurance company or association which amends its privilege license shall pay a fee of Twenty-five Dollars ($25.00).


Download our app to see the most-to-date content.