Title 31A Chapter 3 Section 302

Insurance Code
Department Funding, Fees, and Taxes
Section 302
Tax on illegal transactions.

            

31A-3-302.   Tax on illegal transactions.

            An insurance transaction under Chapter 15 which violates the restrictions placed on transactions by that chapter shall be taxed at a rate four percentage points higher than the applicable rate under Section 59-9-101.


Amended by Chapter 2, 1987 General Session