Texas Insurance Code

§ 651.006 — ASSESSMENTS

IN § 651.006Title 5. PROTECTION OF CONSUMER INTERESTS · Part E. PREMIUM FINANCING · Ch. 651. FINANCING OF INSURANCE PREMIUMS · Art. A. GENERAL PROVISIONS

Statute text

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(a)A license holder shall pay to the department:

(1)an amount imposed by the department to cover the direct and indirect cost of examinations and investigations made under this chapter; and

(2)a proportionate share of the general administrative expense attributable to the regulation of license holders.

(b)Each amount required by this section is in addition to any investigation or license fee imposed under Subchapter B.

Legislative history

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.