premium tax
Defined in 1 place of the United States Code.
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.
Source
- 2010–present15 U.S.C. § 8206Commerce and Trade · Definitions · for purposes of this subchapter