§ 31A-3-102 — Exclusive fees and taxes.

(1) The following are in place of any other license fee or license assessment that might otherwise be levied against a licensee by the state or a political subdivision of the state:
(1)(a) subject to Subsection (4), taxes and fees under this chapter;
(1)(b) the premium taxes under Title 59, Chapter 9, Taxation of Admitted Insurers;
(1)(c) the fees under Section 31A-31-108; and
(1)(d) the examination costs under Section 31A-2-205.
(2) The following are not subject to Title 59, Chapter 7, Corporate Franchise and Income Taxes:
(2)(a) an insurer that is subject to premium taxes under Title 59, Chapter 9, Taxation of Admitted Insurers, regardless of whether the insurance company has a tax liability under that chapter;
(2)(b) an insurance company that engages in a transaction that is subject to taxes under Section 31A-3-301 or 31A-3-302, regardless of whether the insurance company has a tax liability under that section; and
(2)(c) a captive insurance company as provided in Section 31A-3-304 that pays a fee imposed under Section 31A-3-304.
(3) Unless otherwise exempt, a licensee under this title is subject to real and personal property taxes.
(4) A tax or fee under this chapter is not in place of a tax or fee a municipality or county imposes in accordance with Section 10-1-203 or 17-64-505.

Legislative History

Amended by Chapter 16, 2025 Special Session 1