36 §2520. Reciprocal contracts of indemnity
Title 36: TAXATION
Part 4: BUSINESS TAXES
Chapter 357: INSURANCE COMPANIES
§2520. Reciprocal contracts of indemnity
Every attorney-in-fact of a reciprocal insurer by or through whom are issued policies or contracts of indemnity by a reciprocal insurer as defined in Title 24-A, section 402, subsection 1, in lieu of all other taxation, state, county or municipal, in this State, shall pay a tax at the rate of 2% on gross premiums or deposits actually received during the year after deducting amounts that are actually returned to policyholders as the unused part of a premium or deposit or credited on the renewal or extension of the indemnity. [2009, c. 434, §27 (AMD).]
SECTION HISTORY
1969, c. 132, §10 (AMD). 1973, c. 727, §10 (RPR). 2009, c. 434, §27 (AMD).