Texas Insurance Code

§ 843.409 — EXAMINATION EXPENSES

IN § 843.409Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES · Ch. 843. HEALTH MAINTENANCE ORGANIZATIONS · Art. L. FINANCIAL REGULATION OF HEALTH MAINTENANCE ORGANIZATIONS

Statute text

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(a)A credit against the amount of premium taxes to be paid by a health maintenance organization in a taxable year may not be allowed on:

(1)an examination fee or expense paid to another state; or

(2)an examination expense:

(A)directly attributable to an examination of the books, records, accounts, or principal offices of a health maintenance organization located outside this state; or

(B)paid in a different taxable year.

(b)The limitations provided by Subsections (a)(1) and (a)(2)(B) apply to foreign health maintenance organizations.

Legislative history

Added by Acts 2003, 78th Leg., ch. 209, Sec. 9A, eff. Jan. 1, 2004; Acts 2003, 78th Leg., ch. 1276, Sec. 10A.207, eff. Sept. 1, 2003.