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Ballard Spahr LLP

NFIP to allow installment payments for flood insurance

Ballard Spahr LLP on

The Federal Emergency Management Agency (FEMA) has announced it will allow National Flood Insurance Program (NFIP) premiums to be paid on an installment basis. The final rule implements an installment payment option that was...more

Hinshaw & Culbertson LLP

Installment Fees May Still be Considered Premium for Tax Purposes Despite Recent California Appellate Decision

Hinshaw & Culbertson LLP on

A recent California appellate decision (In Re Insurance Installment Fee Cases, 211 Cal. App. 4th 1395) held that an installment fee – i.e, a fee charged to a policyholder who pays premium in installments under a payment plan...more

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