Tennessee Code 56-4-212 – Period covered by payments
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Terms Used In Tennessee Code 56-4-212
- gross premiums: means maximum gross premiums as provided in the policy contracts, new and renewal, including policy or membership fees, whether paid in part or in whole by cash, automatic premium loans, dividends applied in any manner whatsoever, and without deduction or exclusion of dividends in any manner. See Tennessee Code 56-4-204
- Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
The taxes imposed under this part shall be for the privilege of transacting business for each calendar quarter of each year but shall be measured by the gross premiums and consideration received by the respective companies during the quarter immediately preceding.