Section 27-35-11 Conversion into Stock or Mutual Life Insurance Company - Separate Record of Premiums; Exemption from Premium Taxes. — United States — Alabama law | Esheria

Section 27-35-11 Conversion into Stock or Mutual Life Insurance Company - Separate Record of Premiums; Exemption from Premium Taxes.

After conversion from a fraternal benefit society, the insurer must keep separate records of certain premiums, and those premiums are exempt from premium taxes to the extent they would be exempt if received by a domestic fraternal benefit society.

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Jurisdiction
United States — Alabama
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
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premium records premium tax exemption

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