Tex. Ins. Code § 225.012 · Chapter 225. SURPLUS LINES INSURANCE PREMIUM TAX
STATE AS PREFERRED CREDITOR.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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, or if the business of a surplus lines agent is suspended by the action of a creditor or turned over to an assignee, receiver, or trustee, the tax imposed by this chapter and penalties due the state from the agent are preferred claims and the state is a preferred creditor and must be paid in full.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.225.htm
- Text hash
- sha256 d1061ebcf75c12cd40d84b376d4d6c5234cd3e53530b0342b99cf97308462387
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.