TITLE 44
Taxation

CHAPTER 44-17
Taxation of Insurance Companies

SECTION 44-17-6


§ 44-17-6. "Ocean marine insurance" defined.

For purposes of this chapter, "ocean marine insurance" means contracts of insurance written by every domestic, foreign, or alien insurance company transacting the business of marine insurance within this state, with respect to all insurance written within this state, upon hulls, freights, or disbursements, or upon goods, wares, merchandise, and all other personal property and interests therein, in course of exportation from, importation into any country, or transportation coastwise, including transportation by land or water from point of origin to final destination in respect to, appertaining to, or in connection with, any and all risks or perils of navigation, transit, or transportation, and while being prepared for, and while awaiting shipment, and during any delays, storage, transshipment, or reshipment incident thereto, but only in connection with exportation from, importation into any country, or transportation coastwise, and including war risks and marine builders risks.

History of Section.
(G.L. 1923, ch. 37, § 22; P.L. 1929, ch. 1428, § 1; G.L. 1938, ch. 41, §§ 2, 6; P.L. 1940, ch. 874, § 1; G.L. 1956, § 44-17-6; P.L. 1988, ch. 267, § 1.)