As a condition to gain entrance into Louisiana to conduct insurance business, a Texas domestic insurer makes a deposit with the Texas Comptroller. The amount of the deposit is sufficient to satisfy the Louisiana Department that the insurer can cover the claims submitted by the insureds in Louisiana. Who has jurisdiction to collect taxes on the interest earned on this deposit?
a. The state of Louisiana.
b. The state of Texas.
c. The county and municipality in Texas where the principal business office of the insurer making the deposit is fixed by the insurer's charter.
d. The interest will only be subject to federal taxes.
Ans: c. The county and municipality in Texas where the principal business office of the insurer making the deposit is fixed by the insurer's charter.
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Could you rename this shortcut and change the icon to use the same icon as one of your other shortcuts (i.e., make it look exactly like one of the other shortcuts)? How could you have fun with this?
What will be an ideal response?