NV-S-0202 Insurance BUSINESS / PROVIDER ASSESSMENT

Insurance Premium Tax — line-item obligation // 3.5% standard insurers

OPERATING CLASSIFICATION: Under Nevada Tax Rates audit doctrine (Tax = any money the Nevada government receives in any way), Insurance Premium Tax — line-item obligation (NV-S-0202) is cataloged in the Insurance extraction domain, administered by Nevada Department of Taxation under NRS 680B.027.

STATUTORY CHARGE AUTHORITY (DATABASE A)

  • Record ID: NV-S-0202
  • Exact Statutory Label: Insurance Premium Tax — line-item obligation
  • Category: Insurance
  • Quantified Amount: 3.5% standard insurers
  • Amount Type: percentage
  • Assessment Unit / Periodicity: net direct premiums and net direct considerations
  • NRS Citation: NRS 680B.027
  • NAC Citation: None / Pending NAC schedule check
  • Qualifiers & Exceptions: Existing 186-row file has category index only; this is individual insurer premium tax liability; special rules for risk retention etc.

GOVERNMENT CASH FLOW, BILLING & PASS-THROUGH

  • Forced Payer: Insurer
  • Collecting Agency: Nevada Department of Taxation
  • Collector Level: state_or_state_board
  • Revenue Flow Tag: business_paid_to_state — State tax, regulatory assessment, or provider fee paid by utilities, hospitals, nursing facilities, ambulances, insurers, fuel importers, or employers (NRS 704.033 / 422.3794 / 680B.027 / 612)
  • Bill Surface: insurance premiums
  • Pass-Through Status: insurer obligation; economic cost may be reflected in prices
  • Fund Receiver Type: state
  • Designated Deposit Fund: State Treasury / Agency Budget Account (to reconcile via Controller ledger)
  • No-Double-Count Treatment: Included as an independent state charge/receipt authority

VERIFICATION & LEDGER STATUS (DATABASE B)

  • Last Researched: 2026-10-25
  • Source Record Type: NRS or official state agency source
  • Law Verification Status: official_agency_rate_verified
  • Rate Effective Period: CY2026
  • Live Agency Schedule Check: verify_2026_effective_schedule_except_if_fixed_by_statute
  • Rate Verification Note: Existing 186-row file has category index only; this is individual insurer premium tax liability; special rules for risk retention etc.
  • Actual FY2026 Ledger Revenue: Pending State Controller (NRS 227.295) / ACFR / FOIA reconciliation
  • Primary Official Source: https://tax.nv.gov/tax-types/insurance-premium-tax/

OTHER EXTRACTIONS IN INSURANCE

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