Insurance Tax
/ɪnˈʃʊərəns tæks/
Definitions
- (n.) A tax imposed on insurance premiums or activities related to insurance policies, typically levied by federal or state governments.
The insurance tax increased the cost of premiums for policyholders.
Forms
- insurance tax
Related terms
See also
Commentary
Insurance taxes vary significantly by jurisdiction and can impact both insurers and insured parties; precise drafting should clarify the tax base and applicable rates.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.