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Current as of January 01, 2025 | Updated by Findlaw Staff
(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 31A-3-301 or 31A-3-302, regardless of whether the insurance company has a tax liability under that section; and
(c) a captive insurance company as provided in Section 31A-3-304 that pays a fee imposed under Section 31A-3-304.
(3) Unless otherwise exempt, a licensee under this title is subject to real and personal property taxes.
(4) A tax or fee under this chapter is not in place of a tax or fee a municipality or county imposes in accordance with Section 10-1-203 or 17-53-216.
Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-3-102. Exclusive fees and taxes - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-3-102/
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 before relying on it for your legal needs.
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