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Texas Insurance Code - Chapter 225 Surplus Lines Insurance Premium TaxLegal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Chapter 225 Surplus Lines Insurance Premium Tax In this chapter, "premium" includes: (1) a premium; (2) a membership fee; (3) an assessment; (4) dues; and (5) any other consideration for surplus lines ... This chapter applies to a surplus lines agent who collects gross premiums for surplus lines insurance. Added by Acts 2003, 78th Leg., ch. 1274, § ... The provisions of Chapter 981, including provisions relating to the applicability and enforcement of that chapter, rulemaking authority under that chapter, and definitions of terms ... (a) A tax is imposed on gross premiums for surplus lines insurance. The rate of the tax is 4.85 percent of the gross premiums. (b) ... The tax imposed by this chapter is in lieu of all other insurance taxes. Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. ... The surplus lines agent shall collect from the insured the tax imposed by this chapter at the time of delivery of the cover note, certificate ... A surplus lines agent holds taxes collected under this chapter in trust. Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, ... (a) The tax imposed by this chapter is due and payable on or before March 1. A surplus lines agent shall file a tax report ... (a) A surplus lines agent shall prepay the tax imposed by this chapter when the amount of the accrued taxes due is equal to at ... (a) A surplus lines agent may not absorb the tax imposed by this chapter. (b) A surplus lines agent may not rebate all or part ... If a surplus lines insurance contract is canceled and rewritten, the additional premium for purposes of the tax imposed by this chapter is the premium ... If the property of a surplus lines agent is seized as the result of an intermediate or final decision of a court in this state, ... (a) A surplus lines agent who does not pay the tax imposed by this chapter on or before the due date required by this chapter ... Last modified: August 10, 2007 |