Each fire insurer shall pay to the director or his designee an amount equal to one percent of all premiums written on fire insurance required to be reported under Section 38-7-70 during the preceding year ending December thirty-first or for such portion of that period as the insurer has done business in this State.
S.C. Code Ann. § 38-7-40
Additional premium tax on fire insurers
Applied in 2 court decisions — leading case Mathis v. Hair (2002)
Most recently applied in Mathis v. Hair (September 2002)
Former 1976 Code SECTION 38-7-40 [1960 (51) 1554; 1962 Code SECTION 37-174] recodified as SECTION 38-63-540 by 1987 Act No. 155, SECTION 1; Former 1976 Code SECTION 38-57-120 [1…
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.