Tex. Ins. Code § 257.002 · Chapter 257. LIFE, HEALTH, AND ACCIDENT INSURANCE
MAXIMUM RATE; ANNUAL ADJUSTMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The rate of assessment set by the commissioner may not exceed 0.04 percent of the gross premiums and gross considerations subject to taxation under Section 257.003.
(b) The commissioner shall annually adjust the rate of assessment of the maintenance tax so that the tax imposed that year, together with any unexpended funds produced by the tax, produces the amount the commissioner determines is necessary to pay the expenses during the succeeding year of regulating life, health, and accident insurers.
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.257.htm
- Text hash
- sha256 ac0173a61ba43b58676fed6ab22f592d6167910c6a2a05691face4d47b4ef869
- 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
This section cites
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