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Insurance Code | |
Department Funding, Fees, and Taxes | |
Section 302 | Tax on illegal transactions. |
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31A-3-302. Tax on illegal transactions. An insurance transaction under Chapter 15 which violates the restrictions placed on transactions by that chapter shall be taxed at a rate four percentage points higher than the applicable rate under Section 59-9-101.
Amended by Chapter 2, 1987 General Session |
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