South Carolina Statutes
§ 38-7-40 — Additional premium tax on fire insurers.
South Carolina § 38-7-40
This text of South Carolina § 38-7-40 (Additional premium tax on fire insurers.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 38-7-40 (2026).
Text
Each fire insurer shall pay to the director or his designee an amount equal to one percent of all premiums written on fire insurance required to be reported under Section 38-7-70 during the preceding year ending December thirty-first or for such portion of that period as the insurer has done business in this State.
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Legislative History
HISTORY: Former 1976 Code SECTION 38-7-40 [1960 (51) 1554; 1962 Code SECTION 37-174] recodified as SECTION 38-63-540 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-57-120 [1947 (45) 322; 1952 Code SECTION 37-1160; 1962 Code SECTION 37-1160; 1978 Act No. 585, SECTION 11] recodified as SECTION 38-7-40 by 1987 Act No. 155, SECTION 1; 1993 Act No. 181, SECTION 534.
Nearby Sections
15
§ 38-7-10
License fees for insurers.§ 38-7-160
Municipal license fees and taxes.§ 38-7-180
Company exempt from taxes.§ 38-7-20
Insurance premium taxes; allocation.§ 38-7-200
Credit against premium tax.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 38-7-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/7/38-7-40.