premium tax
Defined in 1 dictionary — U.S. Code
United States Code
15 U.S.C. § 8206 — for purposes of this subchapter
The term “premium tax” means, with respect to surplus lines or independently procured insurance coverage, any tax, fee, assessment, or other charge imposed by a government entity directly or indirectly based on any payment made as consideration for an insurance contract for such insurance, including premium deposits, assessments, registration fees, and any other compensation given in consideration for a contract of insurance.