IPT as I understand it is Insurance Premium Tax. In the US premium taxes on insurance polices are less obvious and usually run about two percent of the premium built into the final number you pay for the policy. In most states premium taxes are major source of revenue to a state usually behind only Income Taxes, Sales Taxes and Property Taxes
Perhaps best if I leave the rest or your question to a European Insurance Professional.
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Perhaps best if I leave the rest or your question to a European Insurance Professional.