Texas Insurance Code - Section 271.009. Effect Of Late Advisement Of Rate
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Texas Laws > Insurance Code > Texas Insurance Code - Section 271.009. Effect Of Late Advisement Of Rate
Section: 271.002 271.003 271.004 271.005 271.006 271.007 271.008 271.009 271.010 271.011 271.012 281.001 281.002 281.003 281.004
§ 271.009. EFFECT OF LATE ADVISEMENT OF RATE. (a) Except
as provided by Subsection (b), if the commissioner does not advise
the comptroller of the applicable rate of assessment of the
maintenance fee by the date required by Section 271.008, the rate of
assessment is the rate imposed in the preceding period.
(b) If the commissioner advises the comptroller of the
applicable rate of assessment after the fee has been assessed, the
(1) advise each insurer in writing of the amount of any
additional fees due; or
(2) refund any excess fees paid.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
Last modified: August 11, 2007