31A-15-210. Purchasing group taxation.
Premium taxes and taxes on premiums paid for coverage of risks resident or located in
this state by a purchasing group or any members of the purchasing groups are imposed and must
be paid as follows:
(1) If the insurer is an admitted insurer, taxes are imposed on the insurer at the same rate
and in the same manner and subject to the same procedures, interest, and penalties that apply to
premium taxes and other taxes imposed on other admitted liability insurers relative to coverage
of risks resident or located in this state.
(2) If the insurer is an approved, nonadmitted surplus lines insurer, taxes are imposed on
the licensed producer who effected coverage on risks resident or located in this state at the same
rate and in the same manner and subject to the same procedures, interest, and penalties that apply
to taxes imposed on other licensed producers effecting coverage with approved, nonadmitted
surplus lines insurers on risks resident or located in this state.
Amended by Chapter 298, 2003 General Session
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Last revised: Thursday, May 28, 2009