Iowa Admin. Code r. 191-5.41

Current through Register Vol. 47, No. 5, August 21, 2024

Rule 191-5.41 - Tax on gross premiums-life companies

In determining the gross amount of premiums to be taxed hereunder, there shall be excluded:

1. All premiums returned to policyholders or annuitants during the preceding calendar year, except cash surrender values.

2. All dividends that, during said year, have been paid in cash or applied in reduction of premiums or left to accumulate to the credit of policyholders or annuitants.

Iowa Admin. Code r. 191-5.41