Bulletin #17: Commercial Multi-Peril Fire Marshal Tax Percentage
General Bulletin #17
COMMERCIAL MULTI-PERIL FIRE MARSHAL TAX PERCENTAGE
At the direction of the Illinois Department of Insurance, the premium percentage applicable for commercial multi-peril policies is changed from 50% to 40%. This brings our procedures into agreement with the regulation governing Fire Marshal tax in general. Please change your procedures effective immediately.
If you have any questions regarding this bulletin, please do not hesitate to contact our office.