Company Assessment Filing Information
Effective June 3, 2024
- The Bureau of Insurance will be moving its payment processing to J.P. Morgan Chase and its affiliated partner Paymentus.
- To facilitate electronic payments, our new Company Identification Number (0000408976) must be provided to your Accounts Payable Department.
Company Assessments are due March 1 pursuant to Chapter 4 of Title 38.2 of the Code of Virginia. Penalties may apply.
Submit an Assessment and Payment
- Complete the Assessable Premium Questionnaire and Worksheet to determine specific assessments that are required.
- Log into the Company Assessment Filing Portal to submit the filing and payment.
- To avoid potential software problems, please do not open multiple sessions of the portal or open it in multiple browsers.
- The portal will time out if you are idle for 15 minutes.
Current Assessment Rates
| Assessment Type | Rate |
|---|---|
| Maintenance Assessment for Bureau of Insurance* | 0.025% |
| Fire Programs Fund Assessment | 1.00% |
| Flood Prevention and Protection Assessment Fund Assessment | 1.00% |
| HEAT Assessment | 0.25% |
| Fraud Assessment | 0.05% |
Update the company assessment contact address using the Company Address Change Service.
Email us at BOIAssessmentFiling@scc.virginia.gov or call us at 804-371-9963 with any questions regarding the filing and payment of assessments.