When must brokers remit premium taxes?

Brokers must remit premium taxes quarterly, specifically within thirty days after the end of the specified months. This schedule is designed to ensure that the state collects taxes in a timely manner, allowing for regular cash flow and operational planning within the state's budget.

Quarterly remittance means that brokers have to track and submit their premium taxes for each of the four quarters, which promotes accuracy and helps to avoid any potential penalties related to late payments. The requirement for payment within thirty days provides a clear timeline for brokers to fulfill their obligations without excessive delay, ensuring that the state's financial needs are met consistently throughout the year.

The other choices suggest different remittance frequencies that do not align with the established regulations governing premium taxes. For instance, annual or bi-annual payments would not sufficiently meet the state's requirement for regular collections, while monthly remittances would likely impose an unnecessary burden on brokers. Thus, the quarterly model strikes a balance between operational practicality for brokers and fiscal responsibility for the state.