Iowa § 432A.4 Computation of net earned premiums

Iowa Statutes

§ 432A.4 — Computation of net earned premiums

Iowa § 432A.4

Title XFINANCIAL RESOURCES

Ch. 432AMARINE INSURANCE TAX

This text of Iowa § 432A.4 (Computation of net earned premiums) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 432A.4 (2026).

Text

In determining the amount of the tax imposed by this chapter, net earned premiums on
ocean marine insurance contracts written within the United States during the taxable year
shall be arrived at by deducting from gross premiums written on such contracts during
the taxable year all return premiums, premiums on policies not taken, premiums paid for
§432A.4, MARINE INSURANCE TAX 2
reinsurance of such contracts and net unearned premiums on all such outstanding contracts
at the end of the taxable year, and adding to such amount net unearned premiums on
such outstanding marine insurance contracts at the end of the calendar year preceding the
taxable year.

Free access — add to your briefcase to read the full text and ask questions with AI

In determining the amount of the tax imposed by this chapter, net earned premiums on
ocean marine insurance contracts written within the United States during the taxable year
shall be arrived at by deducting from gross premiums written on such contracts during
the taxable year all return premiums, premiums on policies not taken, premiums paid for
§432A.4, MARINE INSURANCE TAX 2
reinsurance of such contracts and net unearned premiums on all such outstanding contracts
at the end of the taxable year, and adding to such amount net unearned premiums on
such outstanding marine insurance contracts at the end of the calendar year preceding the
taxable year.