If in any prior calendar year a broker collects and remits in excess of five thousand dollars of surplus lines premium tax, the broker shall in the following year remit the tax on a quarterly basis

The tax is in lieu of all other taxes upon such insurers with respect to the business so reported. When collected, the tax shall be credited to the general fund. If the director has entered into an agreement as provided for by § 58-32-45 , taxes may be required to be remitted as may be specified by such an agreement. Source: SL 1966, ch 111 , ch 11, § 18 (1); SL 1980, ch 360 ; SL 2011, ch 223 , § 4.