15 USC 8201 - Reporting, payment, and allocation of premium taxes

U.S Code last checked for updates: Nov 22, 2024

§ 8201.

Reporting, payment, and allocation of premium taxes

(a)

Home State’s exclusive authority

(b)

Allocation of nonadmitted premium taxes

(1)

In general

(2)

Effective date

Except as expressly otherwise provided in such compact or other procedures, any such compact or other procedures—

(A)

if adopted on or before the expiration of the 330-day period that begins on July 21, 2010, shall apply to any premium taxes that, on or after July 21, 2010, are required to be paid to any State that is subject to such compact or procedures; and

(B)

if adopted after the expiration of such 330-day period, shall apply to any premium taxes that, on or after January 1 of the first calendar year that begins after the expiration of such 330-day period, are required to be paid to any State that is subject to such compact or procedures.

(3)

Report

(4)

Nationwide system

(c)

Allocation based on tax allocation report

(Pub. L. 111–203, title V, § 521, July 21, 2010, 124 Stat. 1589.)

cite as: 15 USC 8201