(a) A domestic property and casualty insurer that pays any other state or foreign country a tax, fine, penalty, deposit requirement or other material requirement, or any other fee that is determined by the Insurance Commissioner to be a retaliatory tax is entitled to a reduction or credit upon its gross premiums tax in the same amount paid to the other state or foreign country.
(b) This section does not apply to any of the following imposed by another state:
(1) An application fee, examination fee, license fee, appointment fee, or a continuation fee for an agent, adjuster, service representative, or consultant of a domestic property and casualty insurer; or
(2) An ad valorem tax on real or personal property or special purpose obligations, fees, or assessments.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 63 - Insurance Companies Generally
Subchapter 1 - General Provisions
§ 23-63-102. Retaliation for foreign taxes, fees, restrictions, etc
§ 23-63-103. Retaliation for unjustified refusal to permit business because of similar name
§ 23-63-104. Domicile of alien insurer
§ 23-63-105. Service contracts to perform administrative functions
§ 23-63-107. Prompt processing of payment by insurer
§ 23-63-110. Policy cancellation or premium increase
§ 23-63-111. Policyholder's right to loss information
§ 23-63-112. Notice of intent to settle