At the end of each quarter and no later than on the 15th of the month following the end of each quarter, the insurance company is to notify the Danish Storm Council of the size of the due fee, divided among each insurance category. The notification is to be signed by the company's management.
The amount due for one quarter includes fees that fall due for payment in that particular quarter. Fees that can be written off as uncollectible are deducted from the fee of the quarter during which the write-off of the earned premiums takes place.
An insurer's due quarterly fees are to be paid to the Storm Council before the end of the month following the end of each quarter. If the fee is not paid on a timely basis, monthly interest of 1.3% will accrue for each commenced month from the last timely pay date; however, the amount of interest can be no less than DKK 20.
The due fee of the Danish storm damage tax has been raised counting from the 3rd quarter of 2014. The raise is in total DKK 30, where DKK 10 of this is a permanent raise, and DKK 20 is a temporary raise due to damages from the storm of December 2013. In total the fee is then DKK 60.
Due amounts are to be paid to:
Danske Bank, Holmens Kanal 2-12, København K
IBAN NR.: DK0330003100220717
ACCOUNT NR.: 3100 3100220717
The notifications are to be sent to:
Carl Jacobsens Vej 35