North Dakota Code 26.1-12-31 – Taxable premiums of mutual insurance company
Current as of: 2023 | Check for updates
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For the purposes of taxation under the laws of this state, the taxable premiums or premium receipts of a mutual insurance company organized or admitted to do business in this state are the gross premiums received for direct insurance upon property or risks in this state less:
Terms Used In North Dakota Code 26.1-12-31
- Property: includes property, real and personal. See North Dakota Code 1-01-49
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
1. Any amount paid for reinsurance upon which a tax has been, or is to be, paid to this state.
2. Premiums upon policies not accepted.
3. Premiums returned on canceled policies.
4. Any refund or return made to the policyholder other than for losses.