Texas Insurance Code - Section 257.002. Maximum Rate; Annual Adjustment
Legal Research Home >
Texas Lawyer > Insurance Code > Texas Insurance Code - Section 257.002. Maximum Rate; Annual Adjustment
§ 257.002. MAXIMUM RATE; ANNUAL ADJUSTMENT. (a) The
rate of assessment set by the commissioner may not exceed 0.04
percent of the gross premiums and gross considerations subject to
taxation under Section 257.003.
(b) The commissioner shall annually adjust the rate of
assessment of the maintenance tax so that the tax imposed that year,
together with any unexpended funds produced by the tax, produces
the amount the commissioner determines is necessary to pay the
expenses during the succeeding year of regulating life, health, and
accident insurers.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
Section: 255.003 255.004 256.001 256.002 256.003 256.004 257.001 257.002 257.003 257.004 258.001 258.002 258.003 258.004 258.005
Last modified: August 11, 2007
|
