(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: (a) subject to Subsection (4), taxes and fees under this chapter; (b) the premium taxes under Title 59, Chapter 9, Taxation of Admitted Insurers; (c) the fees under Section 31A-31-108; and (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: (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; (b) an insurance company that engages in a transaction that is subject to taxes under Section
‹ Prev All Utah sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.