Rhode Island General Laws 27-1-4. Power of companies to comply with tax and license laws not held invalid
Every domestic insurance company and its officers, directors, agents, and employees shall have power and authority to comply with any statute, ordinance, or other law of any state, territory, or political subdivision of a state or territory, including the District of Columbia, imposing any license, excise, privilege, occupation, premium, or other tax, fee, or deposit requirement and to pay the tax or fee and make the deposit unless prior to payment the statute, ordinance, or other law shall have been expressly held invalid by the Supreme Court of the United States. No company, officer, director, employee, or agent shall be subject to liability by reason of any compliance or payment either previously or subsequently made.
History of Section.
P.L. 1945, ch. 1622, § 1; G.L. 1956, § 27-1-4.
Terms Used In Rhode Island General Laws 27-1-4
- Statute: A law passed by a legislature.
- United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8