Revised Code of Washington - RCW Title 48 Insurance - Section 48.62.151 Insurance premium taxes -- Exemption

§ 48.62.151. Insurance premium taxes -- Exemption

A joint self-insurance program approved in accordance with this chapter is exempt from insurance premium taxes, from fees assessed under chapter 48.02 RCW, from chapters 48.32 and 48.32A RCW, from business and occupations taxes imposed under chapter 82.04 RCW, and from any assigned risk plan or joint underwriting association otherwise required by law. This section does not apply to and no exemption is provided for insurance companies issuing policies to cover program risks, nor does it apply to or provide an exemption for third-party administrators or brokers serving the self-insurance program.

[1991 sp.s. c 30 § 15.]

     RCW 48.62.151

Insurance premium taxes Exemption. (Effective July 1, 2009.)

A joint self-insurance program approved in accordance with this chapter is exempt from insurance premium taxes, from fees assessed under chapter 48.02 RCW, from chapters 48.32 and 48.32A RCW, from business and occupations taxes imposed under chapter 82.04 RCW, and from any assigned risk plan or joint underwriting association otherwise required by law. This section does not apply to and no exemption is provided for insurance companies issuing policies to cover program risks, nor does it apply to or provide an exemption for third-party administrators or insurance producers serving the self-insurance program.

[2008 c 217 § 63; 1991 sp.s. c 30 § 15.]

Notes:
     Severability -- Effective date -- 2008 c 217: See notes following RCW 48.03.020.

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Last modified: April 7, 2009