Indiana § 27-7-1-12 Taxation

Indiana Statutes

§ 27-7-1-12 — Taxation

Indiana § 27-7-1-12

Title 27INSURANCE

Art. 7SPECIAL TYPES OF INSURANCE

Ch. 1Lloyds Insurance

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Ind. Code § 27-7-1-12 (2026).

Text

In lieu of all other taxes, licenses and fees,
state or local, such Lloyds shall pay annually, on account of the
transaction of such business in this state, the same taxes, licenses and
fees as are required to be paid by mutual companies with principal
offices similarly located and transacting the same kind of business. In
the application of the retaliatory law, the taxes and fees exacted by
another state from a Lloyds insurance with principal offices in Indiana
shall apply.
Formerly: Acts 1919, c.177, s.12.

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In lieu of all other taxes, licenses and fees,
state or local, such Lloyds shall pay annually, on account of the
transaction of such business in this state, the same taxes, licenses and
fees as are required to be paid by mutual companies with principal
offices similarly located and transacting the same kind of business. In
the application of the retaliatory law, the taxes and fees exacted by
another state from a Lloyds insurance with principal offices in Indiana
shall apply.
Formerly: Acts 1919, c.177, s.12.