(1) Each insurer authorized to effect insurance on risks enumerated in subsection
(2) that is doing business in this state shall pay to the state auditor during the
month of February or March in each year, in addition to the taxes on premiums required
by law to be paid by it, taxes on the fire portion of the direct premiums on the enumerated
risks received during the previous calendar year after deducting cancellations and
return premiums. A tax of 2 1/2% must be deposited in the general fund as provided in 33-2-708.
(2) The risks referred to in subsection (1) are:
(a) insurance of houses, buildings, and all other kinds of property against loss or
damage by fire or other casualty;
(b) all kinds of insurance on goods, merchandise, or other property in the course
of transportation, whether by land, water, or air;
(c) insurance against loss or damage to motor vehicles resulting from accident, collision,
or marine and inland navigation and transportation perils;
(d) insurance of growing crops against loss or damage resulting from hail or the elements;
(e) insurance against loss or damage by water to any goods or premises arising from
the breakage or leakage of sprinklers, pumps, or other apparatus;
(f) insurance against loss or legal liability for loss because of damage to property
caused by the use of teams or vehicles, whether by accident or collision or by explosion
of any engine, tank, boiler, pipe, or tire of any vehicle; and
(g) insurance against theft of the whole or any part of a vehicle.
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