The act increases the unauthorized insurance premium tax rate from 2.25% to 3% in parity with the surplus lines insurance tax rate.
APPROVED by Governor March 31, 2023
EFFECTIVE January 1, 2024
NOTE: This act was passed without a safety clause. (Note: This summary applies to this bill as enacted.)

Statutes affected:
Final Act (03/15/2023): 10-3-909