§ 27-2-7-1 — Power of compliance; payment of fees and taxes

Every domestic insurer shall have power to
comply with any statute, ordinance or other law of any state, territory
or political subdivision thereof (including the District of Columbia)
imposing any license, excise, privilege, premium, occupation or other
fee or tax and to pay such fee or tax unless prior to such payment such
statute, ordinance or other law shall have been expressly held invalid
by the state court having final appellate jurisdiction in the premises, or
by the Supreme Court of the United States.
Formerly: Acts 1945, c.123, s.1.