Utah Code § 31A-3-302

Current through the 2024 Fourth Special Session
Section 31A-3-302 - Tax on illegal transactions

An insurance transaction under Chapter 15, Unauthorized Insurers, Surplus Lines, and Risk Retention Groups, which violates the restrictions placed on transactions by that chapter shall be taxed at a rate four percentage points higher than the applicable rate under Section 59-9-101.

Utah Code § 31A-3-302

Amended by Chapter 2, 1987 General Session