Request a refund for insurance premium tax

If any part of the premium is refunded as a result of cancellation or other revision of the contract, you may request a refund of the tax.

How you request a refund depends on if you:

• Purchased the insurance, or
• Are an insurance agent

Purchasers of insurance

To request a refund you need to file an amended Return of Unlicensed Insurance. Ensure the policy number and contract start date match the original tax return and provide:

• An explanation outlining the part of the premium refunded as a result of the change to the contract
• A copy of the declaration page of the cancelled or revised contract
• A copy of the declaration page of the original contract

Insurance agents

You may request a refund on behalf of your clients. To request a refund you need to provide:

• An explanation outlining the part of the premium refunded as a result of the change to the contract
• An amended Return of Unlicensed Insurance. Ensure the policy number and contract start date match the original tax return
• A copy of the declaration page of the cancelled or revised contract
• A copy of the declaration page of the original contract
• A completed Assignment of Refund (FIN 518) (PDF, 160KB) signed by the taxpayer
• A completed Authorization or Cancellation of a Representative (FIN 146) (PDF, 260KB) signed by the taxpayer

You can submit your request for a refund on its own (not with a batch of Returns of Unlicensed Insurance). 

Submit your request:

• Online using eTaxBC