Kansas § 12-2624 Gross premium tax, rate, payment, assessment period; deductions for cancellations and dividends

Kansas Statutes

§ 12-2624 — Gross premium tax, rate, payment, assessment period; deductions for cancellations and dividends

Kansas § 12-2624

Ch. 12CITIES AND MUNICIPALITIES

Art. 26INSURANCE

This text of Kansas § 12-2624 (Gross premium tax, rate, payment, assessment period; deductions for cancellations and dividends) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 12-2624 (2026).

Text

In addition to the fees required to be paid in K.S.A. 12-2623, and amendments thereto, and as a condition precedent to the continuation of the certificate of authority provided in this act, all group-funded pools shall pay not later than 90 days after the end of each calendar year a tax upon the annual Kansas gross premium collected by the pool at the rate of 1% per annum applied to the collective premium relating to all Kansas members of the pool for the preceding calendar year. In the computation of the tax, all pools shall be entitled to deduct any annual Kansas gross premiums returned on account of cancellation or dividends returned to members of such pools or expenditures used for the purchase of specific and aggregate excess insurance, as provided in K.S.A. 12-2618(h), and amendments

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In addition to the fees required to be paid in K.S.A. 12-2623, and amendments thereto, and as a condition precedent to the continuation of the certificate of authority provided in this act, all group-funded pools shall pay not later than 90 days after the end of each calendar year a tax upon the annual Kansas gross premium collected by the pool at the rate of 1% per annum applied to the collective premium relating to all Kansas members of the pool for the preceding calendar year. In the computation of the tax, all pools shall be entitled to deduct any annual Kansas gross premiums returned on account of cancellation or dividends returned to members of such pools or expenditures used for the purchase of specific and aggregate excess insurance, as provided in K.S.A. 12-2618(h), and amendments thereto.