As Amended
SEC. 27-15-93. Incorporated life, health or accident insurance agencies;
incorporated supervising general agents; life insurance agents.
(1) Upon each incorporated insurance agency licensed to
represent life, health or accident insurance companies ... $25.00.
The license issued to such incorporated agency shall
specify the type, types or kinds of insurance that such
incorporated agency is licensed and qualified to transact.
Every person acting as agent for any such agency shall
qualify under the provisions of Sections 83-17-101
through
83-17-135;
and no person shall be exempt from the
privilege tax placed on insurance agents by this section
by reason of the fact that he is a stockholder or officer
in any such incorporated agency, or by reason of the fact
that he represents such an agency, but every agent shall
pay the privilege tax herein imposed.
(2) Upon each incorporated supervising general agent, as defined
in Section 83-17-101
..................................... $100.00.
(3) Upon each life insurance agent engaged exclusively in
writing life insurance ................................... $20.00.
And any life insurance company that knowingly issues a policy where the application has been submitted to it by an agent or other person who has not paid all the taxes herein imposed upon each agent or person shall be liable for and pay to the state the sum of Fifty Dollars ($50.00) for each policy written.
Provided, that any insurance agent who has paid the tax required as a life insurance agent, shall be permitted to write health, accident and industrial insurance without the payment of additional tax.
SOURCES: Codes, 1942, Sec. 9540; Laws, 1940, ch. 120; 1944, ch.
138, Sec. 22; 1978, ch. 462, Sec. 3; 1985, ch. 433, Sec. 4; 1990, ch. 557,
Sec. 2; 1991, ch. 430 Sec. 2, eff from and after passage (approved March
21, 1991).