105-228.6. Taxes in case of withdrawal from State.
Any insurance company which for any cause withdraws from this State or ceases to register and transact new business in this State shall be liable for the taxes specified in G.S. 105-228.5 with respect to gross premiums collected in the calendar year in which such withdrawal may occur. In case any company which was formerly licensed or registered in this State and which subsequently ceased to do business therein, may apply to reenter this State, application for reentry or renewal of registration shall be denied unless and until said company shall have paid all taxes, together with any penalties and interest, due as to premiums collected in the year of withdrawal and also taxes as specified in G.S. 105-228.5 for gross premiums collected in the calendar year next preceding the year in which such application for renewal of registration is made. (1945, c. 752, s. 2; 1985 (Reg. Sess., 1986), c. 1031, s. 5.1; 1987, c. 814, s. 4; 1989, c. 346, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 8B - Taxes Upon Insurance Companies And Prepaid Health Plans.
§ 105-228.3 - (Effective until contingency met see note) Definitions.
§ 105-228.4 - Recodified as § 58-6-7 by Session Laws 1995, c360, s1(c).
§ 105-228.4A - Tax on captive insurance companies.
§ 105-228.5B - Distribution of part of tax proceeds to High Risk Pool.
§ 105-228.6 - Taxes in case of withdrawal from State.
§ 105-228.8 - Retaliatory premium taxes.
§ 105-228.9 - Commissioner of Insurance to administer portions of Article.