INSURANCE PREMIUM TAX // NRS 680B.027 | 3.5% OF TOTAL PREMIUMS

DIRECT STATUTORY SUMMARY: A 3.5% state tax on insurers' net direct premiums and considerations under NRS 680B.027—augmented by individualized Division of Insurance Administration & Enforcement invoices (NRS 680C.110, NV-S-0195) and mandatory up-to-2% Guaranty Association assessments recouped in policy rates (NRS 687A.060 / 687A.140, NV-S-0196).

ARCHITECTS & COLLECTORS OF PLUNDER

TIMELINE & APPROVAL

WHEN ENACTED: NRS 680B.027 (Administered by Nevada Department of Taxation; line-item obligation NV-S-0202)

ENTITIES APPROVING / BENEFITING:

  • State General Fund Appropriators
  • Department of Taxation
  • Nevada Division of Insurance

ENTITIES PAYING / OPPOSING:

  • Policyholders
  • Small Business Insureds

OFFICIAL SOURCES & COVERAGE

PHASE 1 REVENUE AUDIT LEDGER RECORD (NV-S-0202)

Official Classification: Insurance — Insurance Premium Tax — line-item obligation
Collecting Agency: Nevada Department of Taxation (state_or_state_board)
Revenue Flow Classification: business_paid_to_state
Bill Surface & Pass-Through: insurance premiums — insurer obligation; economic cost may be reflected in prices
Verification Status (2026-10-25): official_agency_rate_verified — Existing 186-row file has category index only; this is individual insurer premium tax liability; special rules for risk retention etc.

View Statutory Authority Detail (NV-S-0202) → · Dept. of Taxation Category Index (NV-S-0174) → · Official Source (https://tax.nv.gov/tax-types/insurance-premium-tax/) →

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