Ala. Code § 27-64-5 (1975) Premium Tax

• Library: Alabama Statutes
• Edition: 2023
• Currency: Current with legislation from the 2023 Regular and Special Sessions.
• Year: 2023
• Citation: Ala. Code § 27-64-5 (1975)

(a) A travel insurer shall pay premium tax, as provided in Section 27-4A-3, on travel insurance premiums paid by any of the following:

(1) An individual primary policyholder who is a resident of this state.

(2) A primary certificate holder who is a resident of this state who elects coverage under a group travel insurance policy.

(3) A blanket travel insurance policyholder who is a resident in, or has its principal place of business or the principal place of business of an affiliate or subsidiary that has purchased blanket travel insurance in this state for eligible blanket group members, subject to any apportionment rules that apply to the insurer across multiple taxing jurisdictions or that permit the insurer to allocate premiums on an apportioned basis in a reasonable and equitable manner in those jurisdictions.