§ 1510. Additional franchise tax on insurance corporations. (a)\nDomestic, foreign and alien insurance corporations except life insurance\ncorporations. Except as hereinafter provided, for taxable years\nbeginning before January first, two thousand three every domestic\ninsurance corporation, every foreign insurance corporation and every\nalien insurance corporation, other than such corporations transacting\nthe business of life insurance, (1) authorized to transact business in\nthis state under a certificate of authority from the superintendent of\nfinancial services or (2) which is a risk retention group as defined in\nsubsection (n) of section five thousand nine hundred two of the\ninsurance law, shall, for the privilege of exercising corporate\nfranchises or for carrying on business in a corporate or organized\ncapacity within this state, and in addition to any other taxes imposed\nfor such privilege, pay a tax on all gross direct premiums, less return\npremiums thereon, written on risks located or resident in this state.\nThe rate of tax imposed by this subdivision shall be two percent on\npremiums written on or after January first, nineteen hundred\nseventy-four and before January first, nineteen hundred seventy-five,\none and nine-tenths percent on premiums written on or after January\nfirst, nineteen hundred seventy-five and before January first, nineteen\nhundred seventy-six, one and eight-tenths percent on premiums written on\nor after January first, nineteen hundred seventy-six and before January\nfirst, nineteen hundred seventy-eight, one and two-tenths percent on\npremiums written on or after January first, nineteen hundred\nseventy-eight and before January first, nineteen hundred ninety-two and\none and three-tenths percent on premiums written on and after such date.\nProvided, however, that the rate of tax imposed by this subdivision on\nall gross direct premiums, less return premiums thereon, for accident\nand health insurance contracts shall be one and six-tenths percent for\nsuch premiums written on or after January first, nineteen hundred\nseventy-four and before January first, nineteen hundred seventy-eight,\nand one percent for such premiums written on or after January first,\nnineteen hundred seventy-eight.\n (b) Domestic, foreign and alien life insurance corporations. (1)\nExcept as hereinafter provided, every domestic life insurance\ncorporation, and every foreign and alien life insurance corporation\nauthorized to transact business in this state under a certificate of\nauthority from the superintendent of financial services, shall, for the\nprivilege of exercising corporate franchises or for carrying on business\nin a corporate or organized capacity within this state, and in addition\nto any other taxes imposed for such privilege, pay a tax on all gross\ndirect premiums, less return premiums thereon, received in cash or\notherwise on risks resident in this state, including supplemental\ncontracts for total and permanent disability benefits and accidental\ndeath benefits. The rate of such tax shall be (i) one and six-tenths\npercent on such premiums received on or after January first, nineteen\nhundred seventy-four and before January first, nineteen hundred\nseventy-eight, (ii) one percent on such premiums received on or after\nJanuary first, nineteen hundred seventy-eight and before January first,\nnineteen hundred eighty-seven, (iii) eight-tenths percent on such\npremiums received on or after January first, nineteen hundred\neighty-seven and before January first, nineteen hundred ninety-eight,\nand (iv) seven-tenths percent on such premiums received on or after\nJanuary first, nineteen hundred ninety-eight.\n (2) Every such life insurance corporation which shall obtain a\ncertificate of authority to transact business in this state or a renewal\nof such certificate from the superintendent of financial services shall,\nupon the expiration of such certificate for any cause or upon its\nceasing to trans
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