Title 31A, Insurance Code

31A-3-105. Criminal Background Check Restricted Account. (1) There is created in the General Fund a restricted account known as the "Criminal Background Check Restricted Account." (2) The Criminal Background Check Restricted Account shall consist of the fees imposed by the commis…

31A-3-205. Taxation of insurance companies. (1) An admitted insurer shall pay to the State Tax Commission taxes imposed on the admitted insurer by Title 59, Revenue and Taxation. (2) A surplus lines insurer shall pay the taxes due under Section 31A-3-301 or 31A-3-302 in accordanc…

31A-3-301. Tax imposed on surplus lines insurance transactions. (1)(a) An insurance transaction under Section 31A-15-103 is subject to a tax of 4-1/4% of gross premiums, less 4-1/4% of return premiums paid to insureds by reason of policy cancellations or premium reductions. (b) "…

31A-3-302. Tax on illegal transactions. An insurance transaction under Chapter 15, Unauthorized Insurers, Surplus Lines, and Risk Retention Groups, which violates the restrictions placed on transactions by that chapter shall be taxed at a rate four percentage points higher than t…

31A-3-303. Payment of tax. (1)(a) An insurer, the producers involved in the transaction, and the policyholder are jointly and severally liable for the payment of the taxes required under Section 31A-3-301. (b) The policyholder's liability for payment of the premium tax under Sect…

31A-3-304. Annual fees -- Other taxes or fees prohibited -- Captive Insurance Restricted Account. (1)(a) A captive insurance company, other than a risk retention group, shall pay an annual fee imposed under this section to obtain or renew a certificate of authority. (b) Except as…

31A-3-305. Agreement related to nonadmitted insurance taxes. (1) As used in this section: (a) "Agreement" means a cooperative agreement, reciprocal agreement, or compact with one or more other states. (b)(i) "Home state," except as provided in Subsections (1)(b)(ii) and (iii), wi…

31A-3-401. Retaliation against insurers of foreign state or country. (1) Except as provided in Section 31A-3-402, when, under the laws of another state or foreign country any taxes, licenses, other fees, deposit requirements, or other material obligations, prohibitions, or restri…

31A-3-402. Obligations to which retaliation inapplicable. Section 31A-3-401 does not apply to personal income taxes, ad valorem taxes on real or personal property, nor special purpose obligations or assessments in connection with particular kinds of insurance, except that deducti…

31A-3-403. Domicile of alien insurers. (1) The domicile of an insurer formed under the laws of Canada, or a province of Canada, is considered to be that province in which its head office is situated. (2) For the purposes of this part, the domicile of an alien insurer, other than …