Utah Code Title 31A. Insurance Code § 31A-3-301. Tax imposed on surplus lines insurance transactions

(1)(a) An insurance transaction under Section 31A-15-103 is subject to a tax of 4-1/4% of gross premiums, less 4-1/4% of return premiums paid to insureds by reason of policy cancellations or premium reductions.

(b) “Gross premium,” for a surplus lines insurance transaction, means the monetary consideration for an insurance policy including the fees charged to the insured, however designated.

(a) ocean marine insurance;

(b) insurance premiums paid by institutions within the state system of higher education as specified in Section 53B-1-102; or

(c) annuities.

(4)(a) A county, city, or municipality within the state may not impose an occupation tax or other tax or fee on a surplus lines insurance transaction.

(b) Notwithstanding Subsection (4)(a), an insurer, producer, or policyholder may be subject to other taxes not described in Subsection (4)(a).