Texas Insurance Code - Section 203.002. Tax Payment Required For Certain Certificates; Unreported Gross Premium Receipts
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§ 203.002. TAX PAYMENT REQUIRED FOR CERTAIN CERTIFICATES;
UNREPORTED GROSS PREMIUM RECEIPTS. (a) A Life Insurance Company
May not receive a certificate of authority to engage in the business
of insurance in this state until all taxes imposed under this code
or another insurance law of this state are paid.
(b) If the commissioner determines by examining a company or
by other means that the company's gross premium receipts in a year
exceed the amount reported by the company for that year, the
commissioner shall report that determination to the comptroller.
The comptroller shall institute a collection action as the
comptroller considers appropriate to collect taxes due on
unreported gross premium receipts.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
Section: 202.003 202.004 202.051 202.052 202.101 202.102 203.001 203.002 221.001 221.002 221.003 221.004 221.005 221.006 221.007
Last modified: August 10, 2007
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