2015 New York Laws
TAX - Tax
Article 33 - (Tax) FRANCHISE TAXES ON INSURANCE CORPORATIONS
1502-A - Tax on non-life insurance corporations.

 1502-a.  Tax  on non-life insurance corporations. In lieu of the tax
  imposed by section fifteen hundred one of this article,  every  domestic
  insurance  corporation,  every  foreign  insurance corporation and every
  alien insurance corporation, other than  such  corporations  transacting
  the  business  of life insurance, (1) authorized to transact business in
  this state under a certificate of authority from the  superintendent  of
  financial  services,  (2)  that  is a risk retention group as defined in
  subsection (n)  of  section  five  thousand  nine  hundred  two  of  the
  insurance law, or (3) that is a health maintenance organization required
  to  obtain  a  certificate  of authority under article forty-four of the
  public health law, shall, for  the  privilege  of  exercising  corporate
  franchises  or  for  carrying  on  business  in a corporate or organized
  capacity within this state, and in addition to any other  taxes  imposed
  for  such privilege, pay a tax on all gross direct premiums, less return
  premiums thereon, written on risks located or resident  in  this  state.
  The  tax  imposed  by  this  section shall be computed in the manner set
  forth in subdivision (a) of section fifteen hundred ten of this  article
  as  such  subdivision  applied to taxable years beginning before January
  first, two thousand three, except that the rate of tax imposed  by  this
  section  shall  be  one and seventy-five hundredths percent on all gross
  direct premiums, less return premiums thereon, for accident  and  health
  insurance   contracts,   including  contracts  with  health  maintenance
  organizations for health services, and two percent  on  all  other  such
  premiums.  All  the  other  provisions in section fifteen hundred ten of
  this article as amended from time to time, other than subdivision (b) of
  such section, shall apply to the tax imposed  by  this  section.  In  no
  event  shall the tax imposed under this section be less than two hundred
  fifty dollars.