(a) Taxation on legal insurance premiums shall be fixed at the rate of two and one-half percent (2.5%) of direct written premium income in Arkansas, after deduction for dividends paid to policyholders and returned premiums, and shall be due and payable in estimated quarterly installments and reconciled annually at the time of filing the insurer's annual report as required by ยง 23-91-215.
(b) The Insurance Commissioner shall deposit all premium taxes collected under this section in the State Treasury as general revenues.
Section: Previous 23-91-214 23-91-215 23-91-216 23-91-217 23-91-218 23-91-219 23-91-220 23-91-221 23-91-222 23-91-223 23-91-224 23-91-225 23-91-226 23-91-227 NextLast modified: November 15, 2016