80-2-221. Fee for hail insurance. (1) A fee is imposed on all land in this state growing crops subject to injury or destruction by hail if the owners of the land have elected to become subject to the provisions of this part.
(2) The board of hail insurance shall annually estimate, as accurately as possible, the amount required to pay all losses, interest on warrants, and costs of administration and shall recommend to the department a fee to be imposed on each kind of land subject to the provisions of this part. The rates recommended to apply on the land must be applied in the same proportions to the crops of those landowners insured on a personal basis.