The Annual State Fire Marshal Tax assessed by the Department
pursuant to Section 12 of the Fire Investigation Act [425 ILCS 25] shall be 1%
of a company's or other entity's taxable fire premium. "Taxable fire premium"
means the gross fire, sprinkler leakage, riot, civil commotion, explosion, and
motor vehicle fire risk premium receipts from business done in the State of
Illinois during the preceding year (see Section 12 of the Fire Investigation
Act).
a) The taxable fire premium for
a year is calculated for insurance companies by totaling the direct premium
calculation for the following lines of business as reported in the Annual
Statement filed pursuant to Section 136 of the Code:
1) 100% Fire direct premium less any Illinois
FAIR Plan premiums;
2) 25% of the
sum of Allied Lines direct premium less any Illinois FAIR Plan
premiums;
3) 1% of Private Crop
direct premium;
4) 40% of Farm
Owners M.P. direct premium;
5) 40%
of the sum of Homeowners M.P. direct premium less any Illinois FAIR Plan
premiums;
6) 40% of Commercial M.P.
(Non-Liability Portion) direct premium;
7) 15% of Ocean Marine direct
premium;
8) 15% of Inland Marine
direct premium;
9) 25% of
Earthquake direct premium;
10) 5%
of Private Passenger Auto Physical Damage direct premium;
11) 5% of Commercial Auto Physical Damage
direct premium; and
12) 10% of
Aircraft (All Perils) direct premium.
b) The taxable fire premium for a year is
calculated for Farm Mutuals by totaling the direct premium for the lines of
business as determined in subsection (a) and reported to the Department
pursuant to Section 13 of the Farm Mutual Insurance Company Act of 1986 [215
ILCS 120].
c) The taxable fire
premium for a year is calculated for the Illinois FAIR Plan by totaling the
direct premium for the lines of business as determined in subsection (a) and
reported to the Department pursuant to Section 143.25 of the Code.
d) The taxable fire premium for a year is
calculated for surplus line producers by totaling the direct premium for the
lines of business as determined in subsection (a) and reported to the
Department pursuant to Section 445 of the Code.