Each fire insurer carrying on business in this State shall annually return to the director or his designee by March first a just and true account, verified by oath, of all premiums received during the preceding year ending December thirty-first from all fire insurance on all property located or that may be located in this State and from all fire insurance business done in this State. In the report the insurer shall allocate the premiums on this business to the county in which the property is located, regardless of where the insurance is written or premiums collected.
HISTORY: Former 1976 Code Section 38-7-70 [1960 (51) 1554; 1962 Code Section 37-175.2; 1964 (53) 2139; 1982 Act No. 403, Section 4] recodified as Section 38-63-570 by 1987 Act No. 155, Section 1; Former 1976 Code Section 38-57-110 [1947 (45) 322; 1952 Code Section 37-1159; 1962 Code Section 37-1159; 1978 Act No. 585 Section 10; 1986 Act No. 540, Part II, Section 31F] recodified as Section 38-7-70 by 1987 Act No. 155, Section 1; 1993 Act No. 181, Section 534.
Structure South Carolina Code of Laws
Section 38-7-10. License fees for insurers.
Section 38-7-20. Insurance premium taxes; allocation.
Section 38-7-40. Additional premium tax on fire insurers.
Section 38-7-50. Tax on workers' compensation insurers.
Section 38-7-60. Returns of premiums required; quarterly payment of taxes.
Section 38-7-70. Annual reports of premiums of fire insurers; allocation.
Section 38-7-90. Retaliatory taxes, penalties, interest, and fees.
Section 38-7-120. Late payment of insurance fees and taxes; penalties; return of excess payment.
Section 38-7-130. Payment of fees, taxes, penalties, or interest under protest; action for recovery.
Section 38-7-140. Penalty for failure to pay money due or to supply information required.
Section 38-7-150. Waiver or reduction of penalties or interest.
Section 38-7-160. Municipal license fees and taxes.
Section 38-7-170. Disposition of fees, taxes, penalties, and interest.