Guam § 58127 - Insurance Premiums.
Full text of Guam Guam Code Annotated § 58127 — Insurance Premiums., with citation guidance and answers to common questions.
§ 58127. Insurance Premiums.
All taxes now levied by virtue of Article 2, Chapter 26, Title 11, Guam Code Annotated, known as
business privilege taxes, shall be abated for a period of up to twenty (20) years from the effective date of
the Qualifying Certificates therefor, for those gross receipts derived from underwriting insurance risks
either in or out of Guam, including gross receipts derived from investing funds generated from insurance
underwriting in Guam by an insurance company that has qualified and continues to qualify for a Qualifying
Certificate. Such insurance Qualifying Certificates may be renewed for additional periods for twenty (20)
years at the conclusion of the first or later periods so long as the Beneficiary remains in good standing under
the laws of Guam and under the rules and regulations of the Authority.
Frequently Asked Questions About Guam § 58127
What does Guam Code Annotated § 58127 cover?
Section 58127 ("Insurance Premiums.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 58127?
A common citation format is "Guam Code Annotated § 58127" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 58127 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.