High Definition Data for Premium TAX standardizes address data and appends accurate premium tax jurisdiction information to avoid liabilities associated with inaccurate taxation. For example, the premium-tax schedules published by the Departments of Insurance in Florida and Kentucky are very complex and therefore the determination of the correct tax can be overwhelming.

Manually looking at ordinary road maps to figure out your customers' tax jurisdictions isn't accurate and consumes hours of valuable staff time. But now HDD for Insurance Premium Tax saves your company the time — and expense — of performing that task.

It is critical to determine in which tax jurisdiction a given address is located. Many state and local tax jurisdictions levy insurance premium taxes and accurately determining the address location relative to ever-changing local tax jurisdiction boundaries is the principle function of our solution.

Determining a policyholder's various tax jurisdictions is complicated because:

The boundary lines of many cities and towns are difficult to interpret
In Florida, tax jurisdictions often follow the boundaries of fire districts instead of municipalities
New laws mandate high standards in accuracy for premium tax jurisdiction assignment
An individual may be subject to taxation by more than one jurisdiction or one and not the other (fire district, police district) as shown on the illustration on the left
High Definition Data for Premium TAX offers an integrated solution with up–to–date premium tax boundary information. Each year thousands of municipalities change boundaries, which are the foundation for many of the premium tax districts.

Group 1 provides an ongoing research program with nationwide coverage to track these changes. The risks of error are great in this world of constant change. Group 1 provides the most accurate method to match an address and determine whether it is inside or outside of the premium tax districts.