As Amended
SEC. 27-15-83. License taxes.
Upon each life insurance company or association .................. $200.00
Upon each fire insurance company or association .................. $200.00
Upon each association of fire insurance companies operating a
separate or distinct plant of agencies commonly termed
underwriters ............................................... $200.00
Upon each accident or health insurance company or association .... $200.00
Upon each marine insurance company or association ................ $200.00
Upon each fidelity or surety company or association .............. $200.00
Upon each plate glass insurance company or association ........... $200.00
Upon each boiler insurance company or association ................ $200.00
Upon each mutual insurance company or association ................ $200.00
Upon each reciprocal or inter-insurance exchange or association
exchanging such contracts .................................. $200.00
Upon each fraternal order organized or chartered under the laws
of this state .............................................. $25.00
Upon each fraternal order not organized or chartered under the
laws of this state ......................................... $50.00
Upon each insurance company or association not specifically
mentioned in this schedule ................................. $200.00
Upon each insurance company or association organized or
chartered under the laws of this state ..................... $200.00
Upon each insurance company guaranteeing land titles organized
or chartered under the laws of this state .................. $100.00
Upon each insurance company guaranteeing land titles not
organized or chartered under the laws of this state ........ $200.00
Upon each insurance company or association which amends its
privilege license ................... $25.00
Provided, that where any insurance company engages in two (2) or
more forms of insurance as enumerated above, it shall not
be required to pay a license tax for each such form of
insurance, but in lieu thereof shall pay an annual tax of .. $350.00.
Except life insurance companies may do health, accident and industrial insurance business, and fire insurance companies and mutual insurance companies and reciprocal exchanges may insure against all and every risk or peril to property, or which may arise from the ownership, maintenance or use of property, including every insurable interest therein, or use thereof, or profit or income therefrom, or legal liability therefor, but not to include insurance to guarantee the fidelity of persons, nor to act as surety on official bonds, nor to insure against sickness, bodily injury or death, without the payment of additional license taxes.
SOURCES: Codes, 1942, Sec. 9536; Laws, 1940, ch. 120; 1944, ch. 138, Sec. 18; 1985, ch. 433, Sec. 1; 1988, ch. 526, Sec. 10, eff from and after July 1, 1988. Laws, 1994, ch. 509, Sec. 1, eff from and after July 1, 1994