Insurance Code
Department Funding, Fees, and Taxes
Section 302
Tax on illegal transactions.
     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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