Texas Insurance Code
§ 252.002 — MAXIMUM RATE; ANNUAL ADJUSTMENT
IN § 252.002Title 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES · Part C. INSURANCE MAINTENANCE TAXES AND SURCHARGES · Ch. 252. FIRE AND ALLIED LINES INSURANCE
Statute text
View on source(a)The rate of assessment set by the commissioner may not exceed 1.25 percent of the gross premiums subject to taxation under Section 252.003.
(b)The commissioner shall annually adjust the rate of assessment of the maintenance tax so that the tax imposed that year, together with any unexpended funds produced by the tax, produces the amount the commissioner determines is necessary to pay the expenses during the succeeding year of regulating all classes of insurance specified under:
(1)Chapters 1807, 2001-2006, 2171, 6001, 6002, and 6003;
(2)Subchapter C, Chapter 5;
(3)Subchapter H, Chapter 544;
(4)Subchapter D, Chapter 1806;
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Legislative history
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2C.001, eff. April 1, 2009.