Each corporation organized in accordance with the provisions of this chapter shall pay to the Commissioner of Revenue Services on or before March first, annually, a charge at the rate of two per cent of the total net direct subscriber charges received by such corporation during the next preceding calendar year, which shall be in addition to any other payment required under section 38a-49 and shall be in compensation for the costs and expenses of regulation by the Insurance Department and all other governmental services. Returns, declarations and payments of this charge shall be made in accordance with the provisions of chapter 207, provided the corporations organized in accordance with the provisions of sections 38a-230 to 38a-245, inclusive, enumerated in this section shall not be subject to the tax provided in said chapter 207.
(P.A. 79-234, S. 13; P.A. 80-482, S. 4, 345, 348.)
History: P.A. 80-482 replaced division of insurance within the department of business regulation with insurance department, reflecting abolition of department of business regulation and restoration of state's insurance agency to its status before the creation of business regulation department in P.A. 77-614; Sec. 38-413 transferred to Sec. 38a-242 in 1991.
Structure Connecticut General Statutes
Chapter 698b - Prepaid Legal Services
Section 38a-234. (Formerly Sec. 38-405). - Incorporation of legal service corporations.
Section 38a-235. (Formerly Sec. 38-406). - Nature of contract and mandatory provisions.
Section 38a-238. (Formerly Sec. 38-409). - Investment of legal service corporation funds.
Section 38a-240. (Formerly Sec. 38-411). - Legal service corporation property exempt from taxes.
Section 38a-243. (Formerly Sec. 38-414). - Plan to permit subscribers to choose their own attorneys.
Section 38a-244. (Formerly Sec. 38-415). - Applicability.
Section 38a-245. (Formerly Sec. 38-416). - Solicitation of subscribers; prohibited acts.