Tax is due when you settle, adjust or pay claims or losses. Supervising claims adjustment, settlement or payment also is taxable. Tax is due when you evaluate risks or property value in connection with insurance coverage. Tax is due when you evaluate property for loss or damage. Tax is due when you determine whether someone is eligible for insurance coverage, or for payment of benefits.
Tax is due on charges for calculating premiums, reserves, rates, refunds, dividends, or benefits.
Tax is due when you identify potential accidents. Tax also is due on your charges for eliminating or controlling risks. Materials, Supplies and Equipment You should pay tax on all materials, supplies, and equipment used to perform the service. Reselling an Insurance Service At times, you may subcontract with a third party to do an insurance service for you. These folks will bill you.