AN ACT TO SUBJECT PREPAID HEALTH PLANS LICENSED BY THE DEPARTMENT OF INSURANCE TO THE GROSS PREMIUM TAX.
House committee substitute to the 1st edition makes the following changes. Makes technical changes to GS 105-228.3.
Amends GS 105-228.59(d) to provide that the tax rate applied to gross premiums from capitation payments received by prepaid health plans (was, applied to gross premiums) is 1.9%.
Amends GS 58-6-25 (concerning the insurance regulatory charge) by amending the definition of insurance company as it is used in the statute to include prepaid health plans that pay the gross premiums tax.
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