Texas Insurance Code - Section 223.005. Premiums Paid To Title Insurance Agent
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§ 223.005. PREMIUMS PAID TO TITLE INSURANCE AGENT. (a)
Premiums received from the business of title insurance are subject
to the tax under this chapter regardless of whether paid to a title
insurance company or retained by a title insurance agent, with the
tax being in lieu of the tax on the premiums retained by a title
insurance agent.
(b) The state facilitates the collection of the premium tax
on the premiums retained by a title insurance agent by establishing
the division of the premiums between the title insurance company
and title insurance agent so that the company receives the premium
tax due on the agent's portion of the premiums and remits it to the
state.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
Section: 222.006 222.007 222.008 223.001 223.002 223.003 223.004 223.005 223.006 223.007 223.008 223.009 223.010 223.011 224.001
Last modified: August 11, 2007
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