Crystal Search Results

Results for your tailored search displayed by category.

Please make sure you view all key information in your search results before accepting a risk in the chosen territory.

Disclaimer: Crystal is provided for information purposes; it does not constitute solicitation of business and is not intended to be a substitute for appropriate professional advice. Information relating to Lloyd’s Brussels Subsidiary may be subject to regulatory approval.

Tax - Provincial premium tax
* Please see Authorisation for details of Lloyd's underwriters licensing status
Please see Authorisation for details of Lloyd's Brussels licensing status

Accident and health

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 2%.
Last updated: 21 May 2008

Aircraft hull and aircraft liability

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 4%.
Last updated: 21 May 2008

Assistance

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 4%.
Last updated: 21 May 2008

Bloodstock

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 4.4%.

Bloodstock risks are treated as property risks for tax purposes and the location of risk is determined by reference to where the horse is when the premium becomes payable (policy inception date) .
Last updated: 19 Apr 2012

Credit

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 4%.
Last updated: 21 May 2008

General liability

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 4%.
Last updated: 21 May 2008

Cargo and goods in transit

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 4.4%.
Exemption applies to marine cargo risks where the cargo transits via the sea, i.e. it falls within the definition of a marine risk for Canadian regulatory purposes.

Where the goods are stored for longer than 60 days either before movement or after movement any additional premium charged to cover the extension of stay should be treated as a property risk situated where the goods are stored.
Last updated: 14 Aug 2013

Legal

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 4%.
Last updated: 21 May 2008

Life

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Exempt from premium tax.
Last updated: 07 Nov 2012

Miscellaneous financial loss/contingency

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 4%.
Last updated: 21 May 2008

Motor and motor liability

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 4.4%.
Last updated: 21 May 2008

Property and fire

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax on property is 4.4%.
Last updated: 21 May 2008

Railway rolling stock

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 4.4%.
Last updated: 21 May 2008

Reinsurance

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Exempt from premium tax.
Last updated: 21 May 2008

Ships hull and ships liability

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's

Exempt from premium tax unless the insured craft is used for pleasure when the rate is 4.4%.  

The “marine” tax exemption is limited to risks associated with navigation of the sea, e.g. ships hull & liability and marine cargo.  Other risks written in the Marine market are treated as either accident, property or liability risks for Canadian regulatory and tax purposes.   Please see detailed content for the definition of a Canadian marine risk.

Last updated: 23 Dec 2011

click for more detail More detail

Suretyship

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 4%.
Last updated: 21 May 2008

Terrorism

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 4.4%.
Last updated: 21 May 2008

Travel

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's
Rate of premium tax is 4%.
Last updated: 21 May 2008

Method of calculation & administration

Canada - British Columbia *
* Please see Authorisation for details of Lloyd's underwriters licensing status

Lloyd's

Provincial premium tax is a charge on the insurer and is a deduction from gross premium.

Method of calculation

Rate of tax X gross premium.

How tax should be shown on the slip

Show in fiscal and regulatory details section under 'Tax payable by insurer(s)'.

Method of payment for Lloyd's business

Gross premium is inclusive of provincial premium tax and so is automatically passed to the underwriter with the premium.

Other information

Most provinces require monthly or quarterly payments of tax on account based on the tax due for the preceding year. After the year end the actual tax liability is calculated and a balancing payment made, or a repayment claimed, depending on whether the tax due is less or more that the payments on account.  Lloyd's tax department will arrange for monthly collections of tax from syndicates to fund payments on account.

Last updated: 21 May 2008