[§431:32-105]  Tax on premiums.  (a)  Each travel insurer shall pay the tax on premiums provided for in section 431:7-202 on all travel insurance premiums paid by:

     (1)  An individual primary policyholder who is a resident of the State;

     (2)  A primary certificate holder who is a resident of the State and elects coverage under a group travel insurance policy; or

     (3)  A blanket travel insurance policyholder, subject to any apportionment rules that may apply to the travel insurer across multiple taxing jurisdictions or that permit the travel insurer to allocate premiums on an apportioned basis in a reasonable and equitable manner in those jurisdictions that:

          (A)  Is a resident of the State;

          (B)  Has its principal place of business in the State; or

          (C)  For an affiliate or subsidiary that has purchased blanket travel insurance in the State for eligible blanket group members, has the affiliate's or subsidiary's principal place of business in the State.

     (b)  Each travel insurer shall:

     (1)  Document the state of residence or principal place of business of the primary policyholder or primary certificate holder; and

     (2)  Report as premiums only the amounts allocable to travel insurance and not any amounts received for travel assistance services or cancellation fee waivers. [L 2025, c 256, pt of §1]