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Texas Insurance Code - Section 201.052. Reimbursement

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 201.052. Reimbursement

§ 201.052. REIMBURSEMENT.  (a) The department shall 
reimburse the appropriate portion of the general revenue fund for 
the amount of expenses incurred by the comptroller in administering 
taxes imposed under this code or another insurance law of this 
state.
	(b)  The comptroller shall certify to the commissioner the 
total amount of expenses estimated to be required to perform the 
comptroller's duties under this code or another insurance law of 
this state for each fiscal biennium.  The comptroller shall provide 
copies of the certification to the budget division of the 
governor's office and to the Legislative Budget Board.
	(c)  The amount certified by the comptroller shall be 
transferred from the Texas Department of Insurance operating 
account to the appropriate portion of the general revenue fund.  It 
is the legislature's intent that money in the Texas Department of 
Insurance operating account to be transferred under this subsection 
should reflect the revenues from maintenance taxes paid by insurers 
under this code or another insurance law of this state.
	(d)  In setting maintenance taxes for each fiscal year, the 
commissioner shall ensure that the amount of taxes imposed is 
sufficient to fully reimburse the appropriate portion of the 
general revenue fund for the amount of expenses incurred by the 
comptroller in administering taxes imposed under this code or 
another insurance law of this state.
	(e)  If the amount of maintenance taxes collected is not 
sufficient to reimburse the appropriate portion of the general 
revenue fund for the amount of expenses incurred by the 
comptroller, other money in the Texas Department of Insurance 
operating account shall be used to reimburse the appropriate 
portion of the general revenue fund.

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

Last modified: August 11, 2007