Texas Insurance Code

§ 225.011 — CANCELED OR REWRITTEN INSURANCE CONTRACT

IN § 225.011Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part B. INSURANCE PREMIUM TAXES · Ch. 225. SURPLUS LINES INSURANCE PREMIUM TAX

Statute text

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If a surplus lines insurance contract is canceled and rewritten, the additional premium for purposes of the tax imposed by this chapter is the premium amount that exceeds the unearned premium of the canceled contract.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.