Texas Insurance Code Title 3, Chapter 226 - Unauthorized And Independently Procured Insurance Premium Tax

SUBCHAPTER A UNAUTHORIZED INSURANCE PREMIUM TAX

• Texas Section 226.001 - Definitions
  In this subchapter: (1) "Insurer" has the meaning assigned by Section 101.002 and includes: (A) an insurer that does not hold a certificate of authority...
• Texas Section 226.002 - Applicability Of Subchapter
  This subchapter applies to an insurer who charges gross premiums for insurance on a subject resident, located, or to be performed in this state. Added...
• Texas Section 226.003 - Tax Imposed; Rate
  (a) A tax is imposed on each insurer that charges gross premiums subject to taxation under this section. The rate of the tax is 4.85...
• Texas Section 226.004 - Tax Exclusive
  The tax imposed by this subchapter is in lieu of all other insurance taxes. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff....
• Texas Section 226.005 - Tax Payment; Due Date
  (a) The tax imposed by this subchapter is due and payable not later than: (1) March 1 after the end of the calendar year in...

SUBCHAPTER B INDEPENDENTLY PROCURED INSURANCE PREMIUM TAX

• Texas Section 226.006 - Limitation On Rulemaking
  In adopting rules under this subchapter, the comptroller may not adopt a rule that exceeds the requirements of this chapter. Added by Acts 2007, 80th...
• Texas Section 226.051 - Definitions
  In this subchapter: (1) "Affiliate" means, with respect to an insured, a person or entity that controls, is controlled by, or is under common control...
• Texas Section 226.052 - Applicability Of Subchapter
  This subchapter applies to an insured who procures an independently procured insurance contract for any risk in which this state is the home state of...
• Texas Section 226.053 - Tax Imposed; Rate
  (a) A tax is imposed on each insured at the rate of 4.85 percent of the premium paid for the insurance contract procured in accordance...
• Texas Section 226.054 - Tax Payment By Certain Insureds
  (a) Except as provided by Section 226.055, the tax imposed by this subchapter is due and payable not later than: (1) May 15 after the...
• Texas Section 226.055 - Tax Payment By Certain Corporations
  The amount of tax due and payable under this subchapter by a corporation that files a franchise tax report shall be reported directly to the...
• Texas Section 226.056 - Effect On Other Law
  Sections 226.051-226.054 do not abrogate or modify any other provision of this chapter or Chapter 101. Added by Acts 2003, 78th Leg., ch. 1274, Sec....
• Texas Section 226.057 - Limitation On Rulemaking
  In adopting rules under this subchapter, the comptroller may not adopt a rule that exceeds the requirements of this chapter. Added by Acts 2007, 80th...

Last modified: September 28, 2016