(b.1) If this state does not participate in a cooperative agreement, compact, or reciprocal agreement with other states pursuant to Code Sections 33-5-40 through 33-5-44, then for the general support of the government of this state, there is levied and there shall be collected from every such insured in this state for the privilege of so insuring his or her property or interests both in and out of this state, a tax at the rate of 4 percent of the gross premium paid for any such insurance, after deduction of return premiums, if any. Such tax shall be paid to the Commissioner coincidently with the filing of the report provided for in subsection (a) of this Code section.
History. Code 1933, § 56-628, enacted by Ga. L. 1960, p. 289, § 1; Ga. L. 2011, p. 449, § 6/HB 413; Ga. L. 2012, p. 1117, § 3/SB 385; Ga. L. 2019, p. 337, § 1-30/SB 132.
The 2019 amendment, effective July 1, 2019, substituted “sickness insurance” for “sickness insurances” at the end of subsection (e).
Structure Georgia Code
Chapter 5 - Regulation of Unauthorized Insurers
Article 2 - Surplus Line Insurance
§ 33-5-21.1. Application of Chapter 9 or Code Section 33-24-9
§ 33-5-22. Licensing of Surplus Line Brokers Generally
§ 33-5-23. Revocation or Suspension of Broker’s License
§ 33-5-24. Acceptance and Placement of Business by Surplus Line Brokers Generally
§ 33-5-26. Endorsement of Insurance Contract by Broker
§ 33-5-28. Maintenance by Broker of Records of Policies Written or Renewed
§ 33-5-30. Validity and Enforceability of Contracts Procured as Surplus Line Insurance