§ 27-1-4 - Power of companies to comply with tax and license laws not held invalid.
SECTION 27-1-4
§ 27-1-4 Power of companies to comply withtax and license laws not held invalid. – Every domestic insurance company and its officers, directors, agents, andemployees shall have power and authority to comply with any statute, ordinance,or other law of any state, territory, or political subdivision of a state orterritory, including the District of Columbia, imposing any license, excise,privilege, occupation, premium, or other tax, fee, or deposit requirement andto pay the tax or fee and make the deposit unless prior to payment the statute,ordinance, or other law shall have been expressly held invalid by the SupremeCourt of the United States. No company, officer, director, employee, or agentshall be subject to liability by reason of any compliance or payment eitherpreviously or subsequently made.