What is the Illinois surplus lines tax rate imposed on premiums for coverage placed through a surplus lines broker under 215 ILCS 5/445?

Why this is the answer

Under 215 ILCS 5/445, the Illinois surplus lines tax is 3.5% of gross premiums charged for surplus lines policies covering Illinois risks. The surplus lines broker is responsible for collecting and remitting the tax to the IDOI on the timetable set by Department rule. The tax applies because surplus lines insurers — unauthorized but eligible — are not part of the admitted Illinois market.