§ 105-228.6. Taxes in case of withdrawal from State.
§105‑228.6. Taxes in case of withdrawal from State.
Any insurance company whichfor any cause withdraws from this State or ceases to register and transact newbusiness in this State shall be liable for the taxes specified in G.S. 105‑228.5with respect to gross premiums collected in the calendar year in which suchwithdrawal may occur. In case any company which was formerly licensed orregistered in this State and which subsequently ceased to do business therein,may apply to reenter this State, application for reentry or renewal ofregistration shall be denied unless and until said company shall have paid alltaxes, together with any penalties and interest, due as to premiums collectedin the year of withdrawal and also taxes as specified in G.S. 105‑228.5for gross premiums collected in the calendar year next preceding the year inwhich such application for renewal of registration is made. (1945,c. 752, s. 2; 1985 (Reg. Sess., 1986), c. 1031, s. 5.1; 1987, c. 814, s. 4;1989, c. 346, s. 1.)