Premium Pro Help
The license fee calculated in this software is prescribed by Georgia Code 33-8-8. Premium Pro Municipal calculates the local license fee only. Premium taxes distributable to cities (Georgia Code 33-8-8.1 and 33-8-8.2) are administered by the Georgia Insurance Department and are not calculated by Premium Pro.
Entering premiums into the input schedule will generate one license fee for any municipality. In order to generate additional license fees, enter the number of additional licenses to be purchased into the input schedule.
There following are Company Options specific to Georgia. Regardless of the option selected, you must enter premiums in the input schedule or the return to generate a calculation.
Generate license fee when premiums are negative. If you select this option, the software will calculate license fees even when premiums are negative. By default, only positive premiums will generate a fee.
If license fee set by city exceeds GA Statute, use fee set by statute. When the option is used, the population figures from the 2010 Census will be used to determine the proper license fee per state statute. If the fee charged by a municipality exceeds the statute, the fee will be limited to the statute. Any other fees such as administrative fees will not be generated because these fees are not expressly authorized by statute.
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