505.14 Foreign insurers — reciprocal provisions. When by the laws of any other state a premium or income or other taxes, or fees, fines, penalties, licenses, deposit requirements or other obligations, prohibitions or restrictions areimposed upon Iowa insurance companies actually doing business in the other state, or uponthe agents of the Iowa companies, which in the aggregate are in excess of the aggregateof the taxes, fees, fines, penalties, licenses, deposit requirements or other obligations,prohibitions or restrictions directly imposed upon insurance companies of the other stateunder the statutes of this state, the same obligations, prohibitions or restrictions of whateverkind are in the same manner and for the same purpose imposed upon insurance companiesof the other state doing business in Iowa. Insurance premium taxes paid which were notpaid under protest shall not be refunded if the refund claim is based upon an alleged erroror mistake of law or erroneous interpretation of statute regarding the validity or legalityof this section under the laws or constitutions of the United States or this state. sed upon an alleged erroror mistake of law or erroneous interpretation of statute regarding the validity or legalityof this section under the laws or constitutions of the United States or this state. For thepurpose of this section, an alien insurer is deemed domiciled in a state designated by itwherein it has established its principal office or agency in the United States, or maintains thelargest amount of its assets held in trust or on deposit for the security of its policyholders orpolicyholders and creditors in the United States, or in which it was admitted to do businessin the United States. This section does not apply to ad valorem taxes on real or personalproperty or to personal income taxes. [C46, 50, 54, §432.2; C58, 62, 66, 71, 73, 75, 77, 79, 81, §505.14; 81 Acts, ch 164, §1]Referred to in §508E.7, 511.40 Sat Dec 23 00:38:33 2023 Iowa Code 2024, Section 505.14 (20, 0)
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