Exclusive fees and taxes

(1) The following are in place of any other license fee or license assessment that might otherwise be levied against a licensee by the state or a political subdivision of the state: (a) subject to Subsection (4), taxes and fees under this chapter; (b) the premium taxes under Title 59, Chapter 9, Taxation of Admitted Insurers; (c) the fees under Section 31A-31-108; and (d) the examination costs under Section 31A-2-205. (2) The following are not subject to Title 59, Chapter 7, Corporate Franchise and Income Taxes: (a) an insurer that is subject to premium taxes under Title 59, Chapter 9, Taxation of Admitted Insurers, regardless of whether the insurance company has a tax liability under that chapter; (b) an insurance company that engages in a transaction that is subject to taxes under Section 31A-3-301 or 31A-3-302, regardless of whether the insurance company has a tax liability under that section; and (c) a captive insurance company as provided in Section 31A-3-304 that pays a fee imposed under Section 31A-3-304. (3) Unless otherwise exempt, a licensee under this title is subject to real and personal property taxes. (4) A tax or fee under this chapter is not in place of a tax or fee a municipality or county imposes in accordance with Section 10-1-203 or 17-64-505.