17 NCAC 05E .0103          PREMIUM FINANCE CHARGES AND OTHER CHARGES

Gross premiums from business in this State include premium finance charges and installment payment charges or other charges received as a result of the partial payment of premiums by a policyholder. These charges are therefore subject to tax.

History Note:        Authority G.S. 105‑228.5; 105-262;

Eff. April 1, 1993;

Transferred and Recodified from 11 NCAC 11E .0203 Eff. January 15, 1998;

Amended Eff. August 1, 1998;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. August 19, 2017.