North Dakota § 26.1-12-31 Taxable premiums of mutual insurance company

North Dakota Statutes

§ 26.1-12-31 — Taxable premiums of mutual insurance company

North Dakota § 26.1-12-31

Title 26.1Insurance

Ch. 26.1-12Incorporated Mutual Insurance Companies

This text of North Dakota § 26.1-12-31 (Taxable premiums of mutual insurance company) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 26.1-12-31 (2026).

Text

For the purposes of taxation under the laws of this state, the taxable premiums or premium receipts of a mutual insurance company organized or admitted to do business in this state are the gross premiums received for direct insurance upon property or risks in this state less:

1.Any amount paid for reinsurance upon which a tax has been, or is to be, paid to this state.

2.Premiums upon policies not accepted.

3.Premiums returned on canceled policies.

4.Any refund or return made to the policyholder other than for losses.

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For the purposes of taxation under the laws of this state, the taxable premiums or premium
receipts of a mutual insurance company organized or admitted to do business in this state are
the gross premiums received for direct insurance upon property or risks in this state less:
1. Any amount paid for reinsurance upon which a tax has been, or is to be, paid to this
state.
2. Premiums upon policies not accepted.
3. Premiums returned on canceled policies.
4. Any refund or return made to the policyholder other than for losses.