[Previous] [Next] [Up] [Top]

Section XIX-2: Entrance fees - Annual tax.

  Until otherwise provided by law, all foreign insurance
companies, including surety and bond companies, doing business in
the State, except fraternal insurance companies, shall pay to the
Insurance Commissioner for the use of the State, an entrance fee
as follows:
  Each foreign Life Insurance Company, per annum, two hundred
dollars; each Foreign Fire Insurance Company, per annum, one
hundred dollars; each Foreign Accident and Health Insurance
Company, jointly, per annum, one hundred dollars; each Surety and
Bond Company, per annum, one hundred and fifty dollars; each
Plate Glass Insurance Company, (not accident), per annum,
twenty-five dollars; each foreign live stock insurance company,
per annum, twenty-five dollars.
  Until otherwise provided by law, domestic companies excepted,
each insurance company, including surety and bond companies,
doing business in this State, shall pay an annual tax of two per
centum on all premiums collected in the State, after all
cancellations are deducted, and a tax of three dollars on each
local agent.

[Previous] [Next] [Up] [Top]