Texas Insurance Code - Not Codified - Article 4.59. Renewal
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Art. 4.59. RENEWAL. (a) Not later than January 31 of each
year, each certified capital company shall pay a nonrefundable
renewal fee of $5,000 to the comptroller. If a certified capital
company fails to pay its renewal fee on or before that date, the
company must pay, in addition to the renewal fee, a late fee of
$5,000 to continue its certification.
(b) Notwithstanding Subsection (a) of this article, a
renewal fee is not required within six months of the date on which
the company's certification is issued under Article 4.53 of this
code.
Added by Acts 2001, 77th Leg., ch. 437, Sec. 1, eff. May 28, 2001.
Article: 4.52 4.53 4.54 4.55 4.56 4.57 4.58 4.59 4.60 4.61 4.62 4.63 4.64 4.65 4.66
Last modified: August 11, 2007
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