Insurance Industry Incentives

The State of New Hampshire has recently passed legislation authorizing a reduction in the state’s insurance premium tax from 2% to 1%, thus reducing the overall premium taxes paid by companies doing business in New Hampshire, as well as decreasing the burden of retaliatory taxes paid by New Hampshire’s domestic insurance companies in other states.

 New Hampshire offers:

·        Favorable regulatory climate
·        Low tax burden
·        Skilled labor force

Please see this link for more detail Redomesticate Your Insurance Co. to N.H. Brochure.pdf or www.redomesticatenh.com.

Also see the New Hampshire Insurance Department: www.nh.gov/insurance/” for more details on the insurance premium tax.