Code of Alabama Title 27, Chapter 4a - Insurance Premium Tax

  • Section 27-4a-1 - Short Title.
    This chapter shall be known and may be cited as "The Insurance Premium Tax Reform Act of 1993." (Acts 1993, No. 93-679, p. 1291, §1.)
  • Section 27-4a-2 - Definitions.
    For the purposes of this chapter only, the following terms, unless the context clearly indicates otherwise, shall have the meanings: (1) ANNUITY CONSIDERATIONS. All sums...
  • Section 27-4a-3 - Generally.
    (a) Subject to the exceptions and exemptions hereinafter set forth, for the year beginning on January 1, 1995, and for each year thereafter, every insurer...
  • Section 27-4a-4 - Penalties.
    Every insurer failing to comply with the requirements of this chapter shall be subject to a penalty of not less than $1,000 nor exceeding $10,000,...
  • Section 27-4a-5 - Exclusive Tax on Premiums.
    The premium tax levied by this chapter is exclusive and shall be in lieu of all other and additional taxes and licenses of the state...
  • Section 27-4a-6 - Exemption From Income and Ad Valorem Taxes.
    Nothing in this chapter shall be construed to repeal any existing laws or statutes which exempt or exclude insurers from the payment of fees, taxes,...
  • Section 27-4a-7 - Mutual Aid Associations.
    Mutual aid associations shall be subject to the provisions of this chapter and subject to the annual premium tax to be paid by insurers on...

Last modified: November 15, 2016