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Exemption from Section 4371 Excise Tax

Rev. Proc. 2003-78, 2003-2 C.B. 1029, provides instructions for establishing exemption from the section 4371 excise tax on insurance premiums paid to a foreign insurer or reinsurer when the exemption is based on the provisions of an income tax treaty to which the United States is a party. Section 3.01 of Rev. Proc. 2003-78 provides that a person otherwise required to remit the insurance excise tax on account of premiums paid to a foreign insurance or reinsurance company may consider the premiums exempt from the insurance excise tax under an income tax treaty if the premiums are paid to an insurer or reinsurer that is a resident for treaty purposes of a country with which the United States has a treaty containing an excise tax exemption and, prior to filing the return for the taxable period, such person has knowledge that there was in effect for such taxable period a closing agreement between the Internal Revenue Service and the foreign insurer or reinsurer under Rev. Proc. 2003-78; Rev. Proc. 92-39, 1992-1 C.B. 860; Rev. Proc. 87-13, 1987-1 C.B. 596; or Rev. Proc. 84-82, 1984-1 C.B. 779.

Section 4 of Rev. Proc. 2003-78, consistent with the prior revenue procedures listed above, provides that the Internal Revenue Service “may periodically publish in the Internal Revenue Bulletin a list of foreign insurers or reinsurers that have entered into closing agreements under this revenue procedure and also a list of foreign insurers or reinsurers whose closing agreements are terminated.” The following list of foreign corporations that have entered into closing agreements is being made available in accordance with this provision.

The list will be updated to reflect changes in the status of a company and other identifying information. However, because the published list cannot be relied upon as conclusive that a particular company has a valid closing agreement in effect, interested parties should contact the company directly should they wish to verify the information posted on this website.

Foreign insurers or reinsurers with effective closing agreements who wish to be added to the list should complete the consent form and mail it to:

Wanda T. Almodóvar, Senior Program Analyst
Internal Revenue Service, SE:LB:IN:IBC:FPP
1111 Constitution Ave, NW, M3-413
Washington, DC 20224-0002 USA
 

Companies with closing agreements (in alphabetical order)

Ace European Group
The Ace Building
100 Leadenhall Street
EC3A 3BP London
United Kingdom
Effective Date:  November 17, 2005

Achmea Reinsurance Company NV
Spoorlan 298
5017 JZ Tilburg
The Netherlands
Effective Date: December 20, 2012

Achmea Reinsurance Ireland Limited
Georges Dock House, IFSC
Dublin 1
Ireland
Efective Date: November 17, 2006

Allianz Global Corporate & Specialty AG
Koeniginstrasse 28
D-80802 Munchen
Germany
Effective Date: June 8, 2009

Allianz Risk Transfer AG
Lavaterstrasse 67
8002 Zurich
Switzerland
Effective Date: May 5, 1999

Allianz Risk Transfer N.V.
Keizersgracht 482
NL-1017EG Amsterdam
Netherlands
Effective Date: February 8, 2007

Allianz SE
Koeniginstrasse 28
D-80802 Munchen
Germany
Effective Date: November 4, 2009

Alreford Limited
James Joyce Street
Dublin 1
Ireland
Effective Date:  January 19, 2012

Amlin AG
Kirchenweg 5
8008 Zurich
Switzerland
Effective Date: January 31, 2011

Arch Insurance Company (Europe) Ltd.
6th Floor, Plantation Place South
60 Great Tower Street
London EC3R 5AZ
United Kingdom
Effective Date: February 14, 2005

Arch Reinsurance Europe Underwriting Limited
Block 3, The Oval
Shelbourne Road
Dublin 4
Ireland
Effective Date: July 8, 2009

Aseguradores de Riesgos Nucleares A.I.E.
Calle Sagasta 18, 4º derecha
28004 Madrid
Spain
Effective Date: January 1, 1996

Aspen Insurance UK Limited
30 Fenchurch Street
London EC3M 3BD
United Kingdom
Effective Date: April 15, 2004

Assicurazioni Generali S.p.A.*
Piazza Duca degli Abruzzi, 2
34132 Trieste 
Italy
Effective Date: June 11, 1986

Assuratome
Tour Franklin - Defense 8
92042 Paris La Defense Cedex
France
Effective Date: January 1, 1993

ATC Insurance Ireland Limited
4th Floor, 25-28 Adelaide Road
Dublin 2
Ireland
Effective Date: October 19, 2011

Atradius Reinsurance Limited
2nd Floor, La Touche House
International Finances Services Centre
Dublin 1
Ireland
Effective Date: September 28, 2009

AXIS RE SE
Mount Herbert Court, 34 Upper Mount Street
Dublin 2
Ireland
Effective Date: December 31, 2002

AXIS Specialty Europe SE
Mount Herbert Court, 34 Upper Mount Street
Dublin 2
Ireland
Effective Date: December 31, 2002

Blue Square Re N.V.
AEGONplein 50
2591 TV The Hague
The Netherlands
Effective Date: December 2, 2013

The Britannia Steam Ship Insurance Association Limited
Regis House
45 King William Street
London EC4R 9AN
United Kingdom
Effective Date: March 11, 2005

Catlin Insurance Company (UK) Ltd.
20 Gracechurch Street
London  EC3V OBG
United Kingdom
Effective Date: June 21, 2006

Chubb Insurance Co of Europe SE
106 Fenchurch St.
London EC3M 5NB
United Kingdom
Effective Date: January 14, 2010

CNA Insurance Company Limited
20 Fenchurch Street
London EC3M 3BY
United Kingdom
Effective Date: June 8, 2005

De Lage Landen Re Limited
George’s Dock House, IFSC
Dublin 1
Ireland
Effective Date: June 3, 2005

Ergo Versicherung AG*
Victoriaplatz 1
40198 Dusseldorf
Germany
Effective Date: May 4, 2011

Euler Hermes Reinsurance A.G.
Todistrasse 65
CH-8002 Zurich
Switzerland
Effective Date: February 8, 2007

The Fuji Fire & Marine Insurance Co. Ltd
5-4-9 Toyosu, Koto-ku
Tokyo  1350061
Japan
Effective Date: January 12, 1996
Termination Date:  March 31, 2014

Gan Eurocourtage
8-10 rue d'Astorg
75008 Paris
France
Effective Date: April 26, 2012

General Reinsurance AG fka Koelnische Ruckversicherungs-Gesellschaft AG
Theodor-Heuss-Ring 11
50668 Cologne
Germany
Effective Date: September 14, 1992

Glacier Reinsurance AG
Churerstrasse 78
8808 Pfaffikon
Switzerland
Effective Date: April 26, 2006

Gothaer Allgemeine Versicherung AG*
Gothaer Allee 1
50969 Cologne
Germany
Effective Date: December 15, 2009

Great Lakes Reinsurance (UK) PLC*
Plantation Place, 30 Fenchurch Street
London EC3M 3AJ
United Kingtom
Effective Date: July 26, 2004

Hannover Re (Ireland) PLC
4 Custom House Plaza, IFSC
Dublin 1
Ireland
Effective Date: December 5, 2001

Hannover Reinsurance (Ireland) Limited
2 Custom House Plaza, IFSC
Dublin 1
Ireland
Effective Date: April 15, 2004
Termination Date:  March 31, 2013

HCC International Insurance Company PLC*
40 Lime Street
London EC3M 5BS
United Kingdom
Effective Date: November 18, 2009

HDI-Gerling Industrie Versicherung AG
HDI-Platz 1
30659 Hannover
Germany
Effective Date: June 21, 1999

HDI-Gerling Verzekeringen N.V
Westblaak 14 PO Box 925
3000X AX Rotterdam
The Netherlands
Effective Date: June 7, 2011

HDI-Gerling Welt Service AG
Riethorst 2
30659 Hannover
Germany
Effective Date: November 4, 200

Helvetia Schweizerische Versicherungsgesellschaft AG*
Dufourstr. 40
CH-9001 St Gallen
Switzerland
Effective Date: September 2, 2010

IF P&C Insurance Company Ltd.
Niityportti 4
02200 Espoo
Finland
Effective Date: April 2, 2003

IF P&C Insurance Ltd (publ)
SE 106 80
Stockholm
Sweden
Effective Date: July 11, 1996

Infrassure Ltd.
Uetlibergstrasse 134A
CH-8045 Zurich
Switzerland
Effective Date: June 11, 2014

Intercona Re AG
Route de la Coula 50
1618 Chatel-St Denis
Switzerland
Effective Date: April 5, 2006

International Insurance Company of Hannover Limited
10 Fenchurch Street
London  EC3M 3BE
United Kingdom
Effective Date: April 15, 2004  

The Kyoei Fire and Marine Insurance Company, Limited
18-6, Shimbashi 1-Chome, Minato-ku
Tokyo 105-8604
Japan
Effective Date: June 8, 2005

La Reunion Aerienne
134, Rue Danton
92300 Levallois-Perret
France
Effective Date: June 8, 2005

Liberty Mutual Insurance Europe Limited
3rd Floor, 2 Minster Court, Mincing Lane
London EC3R 7YE
United Kingdom
Effective Date: January 19, 2005

The London Steam-Ship Owners' Mutual Insurance Association Limited
50 Leman Street
London E1 8HQ
United Kingdom
Effective Date: February 4, 2005

Mapfre Global Risks, Compania Internacional de Seguros y Reaseguros, S.A.
Carretera de Pozuelo
Majadahonda 52, Edificio M-II
28222 Madrid
Spain
Effective Date: July 8, 2009

Mapfre Re Compania de Reaseguros, S.A.
Paseo de Recoletos No. 25
28004 Madrid 
Spain
Effective Date: September 24, 2004

The Marine Insurance Company Limited
St Mark’s Court, Chart Way, Horsham
West Sussex RH12 1XL
United Kingdom
Effective Date: February 4, 2004

Markel International Insurance Company Limited
The Markel Building
49 Leadenhall Street
London EC3A 2EA
United Kingdom
Effective Date: January 19, 2005

Mitsui Sumitomo Insurance Co. (Europe) Ltd.
25 Fenchurch Ave
London EC3M 5AD
United Kingdom
Effective Date: February 4, 2005

Mitsui Sumitomo Insurance Co., Ltd
2-27-2 Shinkawa, Chuo-ku,
Tokyo, 104-8252
Japan
Effective Date: February 4, 2005

MSIG Insurance Europe AG
An Den Dominikanern 11-27
50668 Koln
Germany
Effective Date: October 29, 2012

Munchener Ruckversicherungs-GeselIschaft AG
Koniginstr. 107
80802 Munich
Germany
Effective Date: March 30, 1992

New Reinsurance Company Limited
Zollikerstrasse 226
CH-8008 Zurich
Switzerland
Efective Date: October 23, 1998

Nipponkoa Insurance Company Limited
3-7-3 Kasumigaseki , Chiyoda-ku
Tokyo 100-8965
Japan
Effective Date: June 3, 2005

North of England Protecting & Indemnity Association Limited
The Quayside
Newcastle Upon Tyne NE1 3DU
United Kingdom
Effective Date: March 22, 2005

nSpire Re Limited
First Floor, 25-28 Adelaide
Dublin 2
Ireland
Effective Date: February 4, 2005

Pan Insurance Limited
The Metropolitan Building
James Joyce Street
Dublin 1
Ireland
Effective Date: June 11, 2014

Pohjola Insurance Ltd.*
Lapinmaentie 1
00350 Helsinki
Finland
Effective Date: September 2, 2010

QBE Insurance (Europe) Limited
30 Fenchurch Street
London EC3M 3BD
United Kingdom
Effective Date: April 15, 2004

RBC Reinsurance (Ireland) Ltd.
Suite A5, Beacon Ct
Sandyford
Dublin  18
Ireland
Effective Date: April 1, 2001

Royal & Sun Alliance Insurance plc
St Mark’s Court, Chart Way, Horsham
West Sussex RH12 1XL
United Kingdom
Effective Date: February 4, 2004

Royal & Sun Alliance Reinsurance Ltd.
St Mark’s Court, Chart Way, Horsham
West Sussex RH12 1XL
United Kingdom
Effective Date: February 4, 2004

R+V Versicherung AG
Raiffeisenplatz 1
65189 Wiesbaden
Germany
Effective Date: January 1, 2000

SCOR Global Life Reinsurance Ireland Limited
3rd Floor, IFSC House
Custom House Quay
Dublin 1
Ireland
Effective Date: November 20, 2005

SCOR Global Property & Casualty*
1 Avenue du General de Gaulle
La Defense Cedex Paris 92074
France
Effective Date: December 13, 2006

SCOR Switzerland AG (fka Converium AG)
General-Guisan Quai 26
8022 Zurich
Switzerland
Effective Date: October 1, 2001

SCOR UK Company Limited
10 Lime Street
London  EC3M 7AA
United Kingdom
Effective Date:  June 23, 2004

Sirius International Insurance Corporation (publ)
Birger Jarlsgatan 57B
SE-113 96 Stockholm 
Sweden
Effective Date: February 7, 1996

Sompo Japan Insurance, Inc.
26-1, Nishi-Shinjuku 1-chome
Shinjuku-ku, Tokyo 160-8338
Japan
Effective Date: February 14, 2005

The Standard Club Europe Ltd
Standard House
12/13 Essex Street
London  WC2R 3AA
United Kingdom
Effective Date: November 29, 2004

The Steamship Mutual Underwriting Association Limited
Aquatical House
39 Bell Lane
London E1 7LU
United Kingdom
Effective Date: February 4, 2005

Sunderland Marine Mutual Insurance Company Ltd
Salvus House, Aykley Heads
Durham, DH1 5TS
United Kingdom
Effective Date: July 26, 2004

Swiss Re Corporate Solutions Ltd
Mythenquai 53/60
8022 Zurich
Switzerland
Effective Date: February 13, 2013

Swiss Reinsurance Company*
Mythenquai 50/60
8022 Zurich
Switzerland
Effective Date: May 22, 1998

The Toa Reinsurance Company Limited*
6 Kanda-Surugadai, 3-chome, Chiyoda-ku
Tokyo 101-8703
Japan
Effective Date: November 17, 2005

Tokio Marine Europe Insurance Limited
60 Gracechurch St
London  EC3V OHR
United Kingdom
Effective Date: May 5, 2009

Tokio Marine & Nichido Fire Insurance Co., Ltd
1-2-1 Marunouchi, Chiyoda-ku
Tokyo 100-0005
Japan
Effective Date: March 11, 2005

Tokio Millennium Re (UK) Limited (fka Tokio Marine Global Ltd)
5th Floor, 20 Fenchurch Street
London EC3M 3BY
United Kingdom
Effective Date: May 8, 2008

Torus Insurance (UK) Limited
5th Floor, 88 Leadenhall Street
London EC3A 3BP
United Kingdom

Travelers Insurance Company Limited
61-63 London Rd
Redhill
Surrey RH1 1NA
United Kingdom
Effective Date: July 18, 2005

Underwriters at Lloyd’s, London
1 Lime Street
London EC3M 7HA
United Kingdom
Effective Date: June 30, 2005

Unionamerica Insurance Company Limited
Avaya House
2 Cathedral Hill
Guildford
Surrey GU2 7YL
United Kingdom
Effective Date: March 22, 2005

The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited
90 Fenchurch Street
London EC3M 4ST    
United Kingdom
Effective Date: July 26, 2013

Validus Reinsurance (Switzerland) Ltd.
Talstrasse 83
CH-8001 Zurich
Switzerland
Effective Date: July 30, 2008

The West of England Ship Owners Mutual Insurance Association (Luxembourg)*
33 Boulevard Prince Henri
L-1724 Luxembourg
Luxembourg
Effective Date: November 22, 2004

W.R. Berkley Insurance (Europe) Ltd
2nd Floor, 40 Lime Street
London EC3M 7AW
United Kingdom
Effective Date: June 8, 2005

XL Insurance Company SE
70 Gracechurch Street
London EC3 V0XL
United Kingdom
Effective Date: December 2, 2013

XL Insurance Switzerland Limited
Limmatstrasse 250
8031 Switzerland
Effective Date: December 2, 2013

XL Re Europe SE
XL House 8 St Stephen s Green
Dublin 2
Ireland
Effective Date: December 2, 2013

Zurich Insurance Company Ltd.
Mythenquai 2
Zurich  8022
Switzerland
Effective Date: January 1, 1999

Zurich Insurance plc (fka Zurich Insurance Ireland Limited)
Zurich House
Ballsbridge Park
Dublin  4
Ireland
Effective Date: June 8, 2005

Zurich Specialties London Limited*
3000b Parkway
Whiteley, Hampshire PO15 7JZ
United Kingdom
Effective Date: November 29, 2004

Explanations

* The company has not timely recertified its entitlement to treaty benefits in accordance with the terms of its closing agreement.

Effective Date: Unless noted otherwise within the Agreement, the Agreement is effective as of the date the Commissioner of Internal Revenue signs the Agreement.

Termination Date: The Agreement is terminated at the close of the last day of the quarterly return period immediately following the return period within which the written notice of termination is given.

Links to treaties

Cyprus

Finland ∆

France ∆

Germany ∆

India

Ireland

Israel

Italy

Japan

Luxembourg (Exemption applies only to excise taxes imposed on insurance premiums paid to foreign insurers and not on reinsurance premiums)

Mexico

Netherlands

Spain

Sweden ∆

Switzerland

United Kingdom

∆ Under these treaties, the exemption generally does not apply if premiums are paid to an office outside the company's country of residence.

Caution: Section 6139 of the Technical and Miscellaneous Revenue Act of 1988 (P.L. 100-647) provides that no provisions of the U.S.-Barbados or the U.S.-Bermuda income tax treaties (if either or both treaties are in force on December 31, 1989) shall prevent application of the excise tax on premiums allocable to insurance coverage for periods after December 31, 1989.

Related links

Rev. Rul. 2008-15, 2008-1 C.B. 633
 

Announcement 2008-18, 2008-1 C.B. 667
 

 

 

Page Last Reviewed or Updated: 05-Nov-2014