(a) Fee to be paid by electronic funds transfer. Under the authority of section 6302(a), the fee imposed on covered entities engaged in the business of providing health insurance for United States health risks under section 9010 and Sec. 57.4 must be paid by electronic funds transfer as defined in Sec. 31.6302-1(h)(4)(i) of this chapter, as if the fee were a depository tax. For the time for paying the fee, see Sec. 57.7.
(b) Effective/Applicability date. This section applies with respect to any fee that is due on or after September 30, 2014.