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YES!

Generally no. An insurer must be admitted and licensed to do insurance business in Guam. However, if there is no insurer on island that is able to insure the property or liability risk, coverage can be secured from an off-island insurer not admitted to do business on Guam after meeting all requirements set forth in the Surplus Lines Law.

Yes. Four percent (4%) Gross Receipts Tax (GRT) on the total premium which is paid on the 20th of each month to the Department of Revenue and Taxation. Two percent (2%) tax on commercial and industrial liability policies which is paid by the insurance company.

Five percent (5%) to ten percent (10%) with the insurance company paying the four percent (4%) GRT on top of the fee plus two percent (2%) if the policy is a commercial and industrial liability policy.