Texas Labor Code - Section 403.002. Maintenance Taxes
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§ 403.002. MAINTENANCE TAXES. (a) Each insurance
carrier, other than a governmental entity, shall pay an annual
maintenance tax to pay the costs of administering this subtitle and
to support the prosecution of workers' compensation insurance fraud
in this state.
(b) The assessment may not exceed an amount equal to two
percent of the correctly reported gross workers' compensation
insurance premiums, including the modified annual premium of a
policyholder that purchases an optional deductible plan under
Article 5.55C, Insurance Code. The rate of assessment shall be
applied to the modified annual premium before application of a
deductible premium credit.
(c) A workers' compensation insurance company is taxed at
the rate established under Section 403.003. The tax shall be
collected in the manner provided for collection of other taxes on
gross premiums from a workers' compensation insurance company as
provided in Chapter 255, Insurance Code.
(d) Each certified self-insurer shall pay a fee and
maintenance taxes as provided by Subchapter F, Chapter 407.
Acts 1993, 73rd Leg., ch. 269, § 1, eff. Sept. 1, 1993. Amended
by Acts 1997, 75th Leg., ch. 1443, § 3, eff. Sept. 1, 1997; Acts
2003, 78th Leg., ch. 1274, § 21, eff. April 1, 2005; Acts 2005,
79th Leg., ch. 728, § 11.134, eff. Sept. 1, 2005.
Section: 402.088 402.089 402.090 402.091 402.092 402.251 403.001 403.002 403.003 403.004 403.005 403.006 403.007 404.001 404.002
Last modified: August 10, 2007
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