Texas Insurance Code - Section 257.003. Premiums And Considerations Subject To Taxation; Limit
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§ 257.003. PREMIUMS AND CONSIDERATIONS SUBJECT TO
TAXATION; LIMIT. (a) An insurer shall pay maintenance taxes under
this chapter on the correctly reported:
(1) gross premiums collected from writing life,
health, and accident insurance in this state, except as provided in
Subsection (b); and
(2) gross considerations collected from writing
annuity or endowment contracts in this state.
(b) The gross premiums on which an assessment is based under
this chapter may not include:
(1) premiums received from the United States for
insurance contracted for by the United States in accordance with or
in furtherance of Title XVIII of the Social Security Act (42 U.S.C.
Section 1395c et seq.) and its subsequent amendments; or
(2) premiums paid on group health, accident, and life
policies in which the group covered by the policy consists of a
single nonprofit trust established to provide coverage primarily
for employees of:
(A) a municipality, county, or hospital district
in this state; or
(B) a county or municipal hospital, without
regard to whether the employees are employees of the county or
municipality or of an entity operating the hospital on behalf of the
county or municipality.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
Amended by Acts 2005, 79th Leg., ch. 728, § 11.006(a), eff. Sept.
1, 2005.
Section: 255.004 256.001 256.002 256.003 256.004 257.001 257.002 257.003 257.004 258.001 258.002 258.003 258.004 258.005 259.001
Last modified: August 11, 2007
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