Iowa § 432A.9 Underwriting profits tax in lieu of other taxes

Iowa Statutes

§ 432A.9 — Underwriting profits tax in lieu of other taxes

Iowa § 432A.9

Title XFINANCIAL RESOURCES

Ch. 432AMARINE INSURANCE TAX

This text of Iowa § 432A.9 (Underwriting profits tax in lieu of other taxes) 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.9 (2026).

Text

The tax imposed by this chapter shall be paid upon the marine underwriting profits, if
any, upon all marine insurance business written in this state each calendar year. The tax
on gross premiums under section 432.1 shall not be levied on marine insurance premiums
reportable in a tax return prescribed by the commissioner of insurance to record taxable
underwriting profit, if any, defined herein. The tax return required shall be in lieu of all other
tax requirements imposed by section 432.1.

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The tax imposed by this chapter shall be paid upon the marine underwriting profits, if
any, upon all marine insurance business written in this state each calendar year. The tax
on gross premiums under section 432.1 shall not be levied on marine insurance premiums
reportable in a tax return prescribed by the commissioner of insurance to record taxable
underwriting profit, if any, defined herein. The tax return required shall be in lieu of all other
tax requirements imposed by section 432.1.