Texas Insurance Code - Section 271.005. Maximum Rate; Annual Adjustment
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§ 271.005. MAXIMUM RATE; ANNUAL ADJUSTMENT. (a) The
rate of assessment set by the commissioner may not exceed one
percent of the gross premiums subject to assessment under Section
271.006.
(b) The commissioner shall annually adjust the rate of
assessment of the maintenance fee so that the fee imposed that year,
together with any unexpended funds produced by the fee, produces
the amount the commissioner determines is necessary to pay the
expenses during the succeeding year of regulating title insurance.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
Section: 261.003 261.004 261.005 271.001 271.002 271.003 271.004 271.005 271.006 271.007 271.008 271.009 271.010 271.011 271.012
Last modified: August 11, 2007
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