(1) In this section -
'electronic means' has the same meaning as it has in section 917EA of the Taxes Consolidation Act 1997;
'insurer', 'premium' and 'quarter' have the same meanings respectively as they have in section 125;
'relevant policy' means a policy of insurance other than life insurance where the risk to which the policy relates is located in the State and -
(a) there is one premium only and the amount of that premium equals or exceeds €20, or
(b) there is more than one premium and the total amount payable in respect of that premium in any period of 12 months equals or exceeds €20.
(2) An insurer shall, in each year, within 25 days from the end of each quarter, deliver to the Commissioners a statement showing the number of relevant policies issued by the insurer in the quarter.
(3) There shall be charged on every statement delivered under subsection (2) a stamp duty at the rate of €1 in respect of each relevant policy shown in the statement.
(4) The duty charged by subs
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