Utah Administrative Code (Current through November 1, 2019) |
R590. Insurance, Administration |
R590-157. Surplus Lines Insurance Premium Tax and Stamping Fee |
R590-157-5. Authorized Agency
Latest version.
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A. The commissioner hereby authorizes the Surplus Line Association of Utah to act as his agent for:
(1) collecting and remitting the premium tax imposed by Section 31A-3-301 on insurance transactions described in Sections 31A-15-103, 31A-15-104, and 31A-15-106;
(2) examining surplus lines transactions under Section 31A-15-111; and
(3) collecting the stamping fee authorized under Section 31A-15-103(11).
B. The Surplus Line Association shall remit all premium taxes it collects in accordance with the procedures of Section 6.