§ 27-7-10-28 — Premium taxes; taxes on premiums; calculations

Indiana § 27-7-10-28

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 7: SPECIAL TYPES OF INSURANCE
• Ch. 10: Risk Retention Groups

Text

Premium taxes and taxes on premiums paid
for coverage of risks resident or located in Indiana by a purchasing
group or any member of a purchasing group shall be:
(1) imposed at the same rate and subject to the same interest,
fines, and penalties that apply to premium taxes and taxes on
premiums paid for similar coverage from a similar insurance
source by other insureds; and
(2) paid first by the insurance source, and if not by the insurance
source, then by the insurance producer or broker for the
purchasing group, and if not by the insurance producer or broker,
then by the purchasing group, and if not by the purchasing group,
then by each of its members.

Legislative History

As added by P.L.162-1988, SEC.2. Amended by P.L.178-2003, SEC.51.