Section 716. Reports by Excess Insurance Brokers.--Every person, copartnership, and corporation, licensed by the Insurance Department to transact business as an excess insurance broker, shall on or before the thirty-first day of January of each year, make to the Department of Revenue, in the form prescribed by it, a report of the gross premiums named in the policies delivered to the policyholders, and upon all policies procured by such broker during the preceding calendar year, and shall assess the tax provided by law for such year.
(716 amended June 1, 1931, P.L.318, No.143)