Code of Virginia - Title 38.2 Insurance - Section 38.2-1108 Tax on premiums collected

§ 38.2-1108. Tax on premiums collected

All captive insurers transacting business in this Commonwealth shall pay taxes as provided for in Chapter 25 of Title 58.1, except that taxes shall be paid on risks and property situated in any state in which the captive insurer is not licensed and upon which no premium tax is otherwise paid or payable.

(1980, c. 665, § 38.1-928; 1986, c. 562.)

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Last modified: April 3, 2009