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Code · Utah · Title 31A — Insurance Code · Chapter 3

31A-3-302. Tax on illegal transactions.

56 words·~1 min read·/ut/title-31a/chapter-3/31a-3-302

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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 .
Amended by Chapter 2 , 1987 General Session
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