Texas Insurance Code Title 3, Chapter 225 - Surplus Lines Insurance Premium Tax

• Texas Section 225.001 - Definitions
  In this chapter: (1) "Affiliate" means, with respect to an insured, a person or entity that controls, is controlled by, or is under common control...
• Texas Section 225.002 - Applicability Of Chapter
  This chapter applies to a surplus lines agent who collects gross premiums for surplus lines insurance for any risk in which this state is the...
• Texas Section 225.003 - Applicability Of General Provisions Of Other Law
  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...
• Texas Section 225.004 - Tax Imposed; Rate
  (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. (a-1)...
• Texas Section 225.005 - Tax Exclusive
  The tax imposed by this chapter is a transaction tax collected by the surplus lines agent of record and is in lieu of any other...
• Texas Section 225.006 - Collection Of Tax By Agent
  (a) Except as otherwise provided by this section, the surplus lines agent shall collect from the insured the tax imposed by this chapter at the...
• Texas Section 225.007 - Collected Taxes Held In Trust
  A surplus lines agent holds taxes collected under this chapter in trust. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1,
• Texas Section 225.008 - Tax Payment, Report, And Due Date
  (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...
• Texas Section 225.009 - Prepayment Of Tax
  (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...
• Texas Section 225.010 - Tax Absorption And Rebates Prohibited
  (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...
• Texas Section 225.011 - Canceled Or Rewritten Insurance Contract
  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...
• Texas Section 225.012 - State As Preferred Creditor
  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,...
• Texas Section 225.013 - Failure To Pay Taxes; Criminal Penalty
  (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...
• Texas Section 225.014 - Limitation On Rulemaking
  In adopting rules under this chapter, the comptroller may not adopt a rule that exceeds the requirements of this chapter. Added by Acts 2007, 80th...

Last modified: September 28, 2016