Tex. Ins. Code § 259.003 · Chapter 259. THIRD-PARTY ADMINISTRATORS
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 one percent of the administrative or service fees subject to taxation under Section 259.004.
(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 of regulating administrators.
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.259.htm
- Text hash
- sha256 76923f9a557255dc67f0a1051a51deeda2bff74253f869e58776c4a23f933013
- 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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