Texas Insurance Code

§ 481.005 — SITUS OF DEPOSIT FOR TAX PURPOSES

IN § 481.005Title 4. REGULATION OF SOLVENCY · Part E. REQUIREMENTS OF OTHER JURISDICTIONS · Ch. 481. VOLUNTARY DEPOSITS

Statute text

For purposes of state, county, or municipal taxation, the situs of deposited securities is the municipality and county in which the principal business office of the insurer making the deposit is fixed by the insurer's charter.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.