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2012 Utah Code
Title 31A - Insurance Code
Article 3 - Department Funding, Fees, and Taxes
Section 302 - Tax on illegal transactions.
UT Code § 31A-3-302 (2012) What's This?
31A-3-302. Tax on illegal transactions.
An insurance transaction under Chapter 15 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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