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40-2222b

Chapter 40.--INSURANCE Article 22.--UNIFORM POLICY PROVISIONS

40-2222b. Same; premium tax, rate, computation, return and payment.(a) As a condition precedent to continuation of the exemptionprovided by K.S.A. 40-2222, and amendments thereto, each association describedin subsections(a), (b), (c), (d) and (e) thereof shall, no later than May 1 of eachyear, pay a tax at the rate of 1% per annum upon the annual Kansas grosspremium collected during the preceding calendar year. In the computation ofthe tax, such associations shall be entitled to deduct any annual Kansas grosspremiums returned on account of cancellation or dividends returned to membersor expenditures used for the purchase of reinsurance or stop-loss coverage.

(b) Every association subject to taxation under the provisions of thissectionshall pay the tax imposed and make a return thereof under oath to thecommissioner of insurance under such rules and regulations and in such form andmanner as the commissioner may prescribe.

History: L. 1991, ch. 135, § 3; May 2.

State Codes and Statutes

Statutes > Kansas > Chapter40 > Article22 > Statutes_17779

40-2222b

Chapter 40.--INSURANCE Article 22.--UNIFORM POLICY PROVISIONS

40-2222b. Same; premium tax, rate, computation, return and payment.(a) As a condition precedent to continuation of the exemptionprovided by K.S.A. 40-2222, and amendments thereto, each association describedin subsections(a), (b), (c), (d) and (e) thereof shall, no later than May 1 of eachyear, pay a tax at the rate of 1% per annum upon the annual Kansas grosspremium collected during the preceding calendar year. In the computation ofthe tax, such associations shall be entitled to deduct any annual Kansas grosspremiums returned on account of cancellation or dividends returned to membersor expenditures used for the purchase of reinsurance or stop-loss coverage.

(b) Every association subject to taxation under the provisions of thissectionshall pay the tax imposed and make a return thereof under oath to thecommissioner of insurance under such rules and regulations and in such form andmanner as the commissioner may prescribe.

History: L. 1991, ch. 135, § 3; May 2.

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State Codes and Statutes

Statutes > Kansas > Chapter40 > Article22 > Statutes_17779

40-2222b

Chapter 40.--INSURANCE Article 22.--UNIFORM POLICY PROVISIONS

40-2222b. Same; premium tax, rate, computation, return and payment.(a) As a condition precedent to continuation of the exemptionprovided by K.S.A. 40-2222, and amendments thereto, each association describedin subsections(a), (b), (c), (d) and (e) thereof shall, no later than May 1 of eachyear, pay a tax at the rate of 1% per annum upon the annual Kansas grosspremium collected during the preceding calendar year. In the computation ofthe tax, such associations shall be entitled to deduct any annual Kansas grosspremiums returned on account of cancellation or dividends returned to membersor expenditures used for the purchase of reinsurance or stop-loss coverage.

(b) Every association subject to taxation under the provisions of thissectionshall pay the tax imposed and make a return thereof under oath to thecommissioner of insurance under such rules and regulations and in such form andmanner as the commissioner may prescribe.

History: L. 1991, ch. 135, § 3; May 2.