UTAH CODE (Last Updated: January 16, 2015) |
Title 31A. Insurance Code |
Chapter 3. Department Funding, Fees, and Taxes |
Part 3. Taxation of Surplus Lines, Illegal Transactions, and Captive Insurance Companies |
§ 31A-3-302. Tax on illegal transactions.
Latest version.
- An insurance transaction under Chapter 15, Unauthorized Insurers, Surplus Lines, and Risk Retention Groups, which violates the restrictions placed on transactions by that chapter shall be taxed at a rate four percentage points higher than the applicable rate under Section 59-9-101.
Amended by Chapter 2, 1987 General Session