§ 27-46-10 - Purchasing group taxation. - Rhode Island Statutes

SECTION 27-46-10

   § 27-46-10  Purchasing group taxation.– Premium taxes and taxes on premiums paid for coverage of risks resident orlocated in this state by a purchasing group or any members of the purchasinggroups shall be:

   (1) Imposed at the same rate and subject to the sameinterest, fines, and penalties as that applicable to premium taxes and taxes onpremiums paid for similar coverage from a similar insurance source by otherinsured; and

   (2) Paid first by the insurance source, and if not by thesource by the agent or broker or producer for the purchasing group, and if notby the agent or broker or producer then by the purchasing group, and if not bythe purchasing group then by each of its members.