In lieu of all other taxes, licenses, charges, and fees whatsoever, such attorney
shall annually pay to the commissioner the same fees as are paid by mutual companies
transacting the same kind of business, and an annual tax based upon the applicable
percentage stated in section 432.1, subsection 4, calculated upon the gross premiums or deposits collected from subscribers in this
state during the preceding calendar year, after deducting therefrom returns, or cancellations,
and all amounts returned to subscribers or credited to their accounts as savings,
and the amount returned upon canceled policies and rejected applications covering
property situated or on business done within this state.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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