2006 Utah Code - 59-9-105 — Tax on certain insurers to pay for relative value study and other publications or services.

     59-9-105.   Tax on certain insurers to pay for relative value study and other publications or services.
     (1) Each insurer providing coverage for motor vehicle liability, uninsured motorist, and personal injury protection shall pay to the State Tax Commission on or before March 31 of each year, a tax of .01% on the total premiums received for these coverages during the preceding calendar year from policies covering motor vehicle risks in this state.
     (2) The taxable premium under this section shall be reduced by all premiums returned or credited to policyholders on direct business subject to tax in this state.
     (3) All money received by the state under this section shall be deposited in the General Fund as a dedicated credit for the purpose of providing funds to pay for any costs and expenses incurred by the Insurance Department:
     (a) in conducting, maintaining, and administering the relative value study referred to in Section 31A-22-307;
     (b) to prepare, publish, and distribute publications relating to insurance and consumers of insurance as provided in Section 31A-2-208; and
     (c) in providing the services of the Insurance Department through the use of:
     (i) electronic commerce; and
     (ii) other information technology.

Amended by Chapter 308, 2002 General Session