How must the premium tax be displayed on a surplus lines policy's declaration page?

The premium tax on a surplus lines policy's declaration page must be displayed separately stated. This requirement ensures transparency for the policyholder, allowing them to clearly see the tax amount they are being charged in addition to the insurance premium. By listing it separately, it helps to delineate the actual cost of the insurance from the additional fees imposed by state regulations. This practice not only promotes clarity in billing but also helps maintain compliance with regulatory standards governing surplus lines insurance.

In this context, displaying the tax separately is important for ensuring that policyholders are fully aware of the total costs involved and enables them to make more informed decisions regarding their insurance coverage.