41-4816. PURCHASING GROUP TAXATION. Premium taxes and taxes on premiums paid for coverage of risks resident or located in this state by a purchasing group or any members of the purchasing group shall be:
(1) Imposed at the same rate and subject to the same interest, fines and penalties as that applicable to premium taxes and taxes on premiums paid for similar coverage from a similar insurance source by other insureds; and
(2) Paid first by such insurance source, and if not by such source by the agent or broker for the purchasing group, and if not by such agent or broker then by the purchasing group, and if not by such purchasing group then by each of its members.
History:
[41-4816, added 1990, ch. 348, sec. 1, p. 937.]
Structure Idaho Code
Chapter 48 - RISK RETENTION GROUPS
Section 41-4801 - SHORT TITLE.
Section 41-4803 - DEFINITIONS.
Section 41-4804 - RISK RETENTION GROUPS CHARTERED IN THIS STATE.
Section 41-4805 - RISK RETENTION GROUPS NOT CHARTERED IN THIS STATE.
Section 41-4806 - COMPULSORY ASSOCIATIONS.
Section 41-4807 - COUNTER SIGNATURES NOT REQUIRED.
Section 41-4809 - NOTICE AND REGISTRATION REQUIREMENTS OF PURCHASING GROUPS.
Section 41-4810 - RESTRICTIONS ON INSURANCE PURCHASED BY PURCHASING GROUPS.
Section 41-4813 - DUTY OF AGENTS OR BROKERS TO OBTAIN LICENSE.
Section 41-4814 - BINDING EFFECT OF ORDERS ISSUED IN U.S. DISTRICT COURTS.