(a) Every corporation doing business pursuant to this chapter is declared to be a nonprofit and benevolent institution.
(b) The corporations are exempt from state, county, district, municipal, and school tax, including the taxes prescribed by this code, and excepting only tax on net direct written premiums under § 23-75-119 and § 26-57-601 et seq. and applicable fees prescribed by § 23-61-401 and other sections of this code, or the Insurance Commissioner's rules and regulations applicable to hospital and medical service corporations, and taxes on real and tangible personal property situated in this state.
Section: Previous 23-75-108 23-75-109 23-75-110 23-75-111 23-75-112 23-75-113 23-75-114 23-75-115 23-75-116 23-75-118 23-75-119 23-75-120 23-75-121 23-75-122 NextLast modified: November 15, 2016