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Insurance Agency Services

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Insurance agencies typically sell a variety of insurance policies, including property, casualty, life, health, disability, and long-term care. Fees charged for insurance coverage are not taxable.

Any commission received by the insurance agent is also not taxable.

Insurance agency services may include:

Contacting clients to discuss insurance policy coverage
Renewing policies
Settling claims for policyholders

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Taxable Sales [+]

Most insurance agencies do not make taxable sales. However, if you sell taxable products, you must charge sales tax. Examples include:

Charges for copies of insurance claims
Fire extinguishers
Radon detectors
Smoke detectors

Note: Do not pay sales or use tax when you purchase these items for resale in your business. Instead give your supplier a completed Form ST3, Certificate of Exemption. Specify the Resale exemption.

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Insurance Agency Services