Sec. 888.051. IMPOSITION OF ANNUAL ASSESSMENT; AMOUNT. (a) An annual assessment is imposed on each burial association that holds a certificate of authority to engage in the business of insurance in this state. The assessment is in addition to any other fee that the association is required to pay.
(b) The amount of the assessment is equal to the greater of:
(1) the amount computed by multiplying one-half cent by the number of members in the burial association on December 31 of the applicable year; or
(2) $5.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Section: Previous 888.001 888.002 888.003 888.004 888.005 888.006 888.051 888.052 888.101 888.102 888.103 888.151 888.152 888.153 888.154 NextLast modified: September 28, 2016