<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 10-44-2.2 - Premium tax on travel insurance--Tax allocation and reporting.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.sd3284617d9ae42f0a61781098cf38b62Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sd3284617d9ae42f0a61781098cf38b62SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd3284617d9ae42f0a61781098cf38b62CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.sd3284617d9ae42f0a61781098cf38b62Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; 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font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd3284617d9ae42f0a61781098cf38b62SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD - Premium tax on travel insurance--Tax allocation and reporting."><meta property="og:description" content="SDLRC Codified Law - Premium tax on travel insurance--Tax allocation and reporting."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute="><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="sd3284617d9ae42f0a61781098cf38b62Normal"><a href="https://sdlegislature.gov/Statutes?Statute=10-44-2.2" rel="noopener"><span class="sd3284617d9ae42f0a61781098cf38b62SENU">10-44-2.2</span></a><span xml:space="preserve" class="sd3284617d9ae42f0a61781098cf38b62SENU">. </span><span class="sd3284617d9ae42f0a61781098cf38b62CL">Premium tax on travel insurance--Tax allocation and reporting.</span></p><p dir="ltr" class="sd3284617d9ae42f0a61781098cf38b62Statute"><span xml:space="preserve" class="sd3284617d9ae42f0a61781098cf38b62DefaultParagraphFont">An insurer shall pay premium tax as provided in § </span><a href="https://sdlegislature.gov/Statutes?Statute=10-44-2" rel="noopener"><span class="sd3284617d9ae42f0a61781098cf38b62DefaultParagraphFont">10-44-2</span></a><span xml:space="preserve" class="sd3284617d9ae42f0a61781098cf38b62DefaultParagraphFont"> on travel insurance premiums paid by:</span></p><p dir="ltr" class="sd3284617d9ae42f0a61781098cf38b62StatuteNumber1"><span class="sd3284617d9ae42f0a61781098cf38b62DefaultParagraphFont">(1)    An individual primary policyholder who is a resident of this state;</span></p><p dir="ltr" class="sd3284617d9ae42f0a61781098cf38b62StatuteNumber1"><span class="sd3284617d9ae42f0a61781098cf38b62DefaultParagraphFont">(2)    A primary certificate holder who is a resident of this state who elects coverage under a group travel insurance policy; or</span></p><p dir="ltr" class="sd3284617d9ae42f0a61781098cf38b62StatuteNumber1"><span class="sd3284617d9ae42f0a61781098cf38b62DefaultParagraphFont">(3)    A blanket travel insurance policyholder that is a resident in, or has its principal place of business or the principal place of business of an affiliate or subsidiary that has purchased blanket travel insurance in, this state, for eligible blanket group members, subject to any apportionment rules that apply to the insurer across multiple taxing jurisdictions or that permit the insurer to allocate premium on an apportioned basis in a reasonable and equitable manner in those jurisdictions.</span></p><p dir="ltr" class="sd3284617d9ae42f0a61781098cf38b62Statute"><span class="sd3284617d9ae42f0a61781098cf38b62DefaultParagraphFont">A travel insurer shall document the state of residence or principal place of business of the policyholder or certificate holder and report as premium only the amount allocable to travel insurance and not any amounts received for travel assistance services or cancellation fee waivers.</span></p><p dir="ltr" class="sd3284617d9ae42f0a61781098cf38b62Normal"><span xml:space="preserve" class="sd3284617d9ae42f0a61781098cf38b62000000"> </span></p><p dir="ltr" class="sd3284617d9ae42f0a61781098cf38b62NoIndent"><span xml:space="preserve" class="sd3284617d9ae42f0a61781098cf38b62DefaultParagraphFont-000001">Source: </span><span class="sd3284617d9ae42f0a61781098cf38b62SCL">SL 2022, ch 185, § 11.</span></p></div></body></html>