Texas Insurance Code - Section 222.003. Tax Rates
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§ 222.003. TAX RATES. (a) Except as provided by
Subsection (b), the rate of the tax imposed by this chapter on an
insurer is 1.75 percent of the insurer's taxable gross premiums
received during a calendar year.
(b) The rate of the tax imposed by this chapter on an insurer
that receives taxable gross premiums from the business of life
insurance is:
(1) 0.875 percent of the first $450,000 of taxable
gross premiums received during a calendar year from the business of
life insurance; and
(2) 1.75 percent of the remaining taxable gross
premiums received during that calendar year from the business of
life insurance.
(c) The rate of the tax imposed by this chapter on a health
maintenance organization is:
(1) 0.875 percent of the first $450,000 of taxable
gross revenues received during a calendar year for the issuance of
health maintenance certificates or contracts; and
(2) 1.75 percent of the remaining taxable gross
revenues received during that calendar year for the issuance of
health maintenance certificates or contracts.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
Section: 221.003 221.004 221.005 221.006 221.007 222.001 222.002 222.003 222.004 222.005 222.006 222.007 222.008 223.001 223.002
Last modified: August 11, 2007
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