- Those burial associations operating under the provisions of Section 83-37-11 shall not be required to pay any premium taxes.
- Those burial associations incorporated under the provisions of Section 83-37-15 shall be required to pay premium taxes as follows:
- Such foreign burial insurance companies and associations of every kind and description writing burial insurance contracts under the provisions of Section 83-37-15 shall be required to pay an annual premium tax of three percent (3%) of the gross amount of premium receipts received from and on burial insurance contracts written in or covering risks located in this state.
- Such domestic burial insurance companies and associations of every kind and description writing burial insurance contracts under the provisions of Section 83-37-15 shall be required to pay an annual premium tax of one half (1/2) of the amount hereinabove levied upon foreign burial insurance companies and associations.
