New Jersey - Important Update to Tax Payment Process

New Jersey has provided additional clarification regarding statute NJ Rev Stat 17:22-6.59 that payment of surplus lines tax must be made directly from a trust account controlled by the Surplus Lines broker. What this means:

• InsCipher will no longer collect NJ surplus lines taxes for filings entered into our portal.
• We will be refunding all NJ taxes collected for Q4 2025 or any future quarters for which we may have already collected SL taxes.
• Our team will be working with partners to ensure that their banking information is saved in SLIP for future SL tax payments.

InsCipher will coordinate with partners to ensure that SL taxes are remitted to NJ on time and in compliance with all state statutes.