Texas Insurance Code - Section 462.006. Net Direct Written Premiums
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§ 462.006. NET DIRECT WRITTEN PREMIUMS. (a) Except as
provided by Subsection (b) and subject to Subsection (c), in this
chapter, "net direct written premiums" means direct premiums
written in this state on insurance policies to which this chapter
applies, less return premiums on those policies and dividends paid
or credited to policyholders on that direct business.
(b) Subject to Subsection (c), for assessing the workers'
compensation line of business, the term "net direct written
premiums" includes the modified annual premium before the
application of a deductible premium credit, less return premiums on
those policies and dividends paid or credited to policyholders on
that direct business.
(c) The term "net direct written premiums" does not include
premiums on contracts between insurers or reinsurers.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 461.002 461.003 462.001 462.002 462.003 462.004 462.005 462.006 462.007 462.008 462.009 462.010 462.011 462.012 462.013
Last modified: August 11, 2007
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