Texas Insurance Code
§ 222.002 — TAX IMPOSED
IN § 222.002Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part B. INSURANCE PREMIUM TAXES · Ch. 222. LIFE, HEALTH, AND ACCIDENT INSURANCE PREMIUM TAX
Statute text
View on source(a)An annual tax is imposed on:
(1)each insurer that receives gross premiums subject to taxation under this section; and
(2)each health maintenance organization that receives gross revenues from the sale of health maintenance certificates or contracts.
(b)Except as otherwise provided by this section, in determining an insurer's taxable gross premiums or a health maintenance organization's taxable gross revenues, the insurer or health maintenance organization shall include the total gross amounts of premiums, membership fees, assessments, dues, revenues, and other considerations received by the insurer or health maintenance organization in a calendar year from any kind of health maintenance organization certificate or contract or insurance policy or contract covering risks on individuals or groups located in this state and arising from the business of a health maintenance organization or the business of life insurance, accident insurance, health insurance, life and accident insurance, life and health insurance, health and accident insurance, life, health, and accident insurance, including variable life insurance, credit life insurance, and credit accident and health insurance for profit or otherwise or for mutual benefit or protection.
(c)The following are not included in determining an insurer's taxable gross premiums or a health maintenance organization's taxable gross revenues:
(1)returned premiums or revenues;
…
Legislative history
Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.002(b), eff. September 1, 2005. Acts 2007, 80th Leg., R.S., Ch. 932 (H.B. 3315), Sec. 2, eff. June 15, 2007.