Tex. Ins. Code § 805.021 · Subchapter B. CERTAIN PAYMENTS BY DIRECTORS, OFFICERS, AND TRUSTEES
LIABILITY FOR FEE AND TAX PAYMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section, "fee or tax" includes a license, excise, privilege, premium, or occupation fee or tax.
(b) A director, officer, or trustee of an insurer is not personally liable, in complying with the law, for the payment of or for the determination not to contest the payment of a fee or tax to a state or a political subdivision of a state that the board of directors or trustees considers to be in the corporate interest of the insurer.
(c) Subsection (b) does not apply if, before the payment of the fee or tax, the state court of final appellate jurisdiction or the United States Supreme Court expressly holds that the law imposing the fee or tax is invalid.
(d) This section does not directly or indirectly limit, minimize, or interpret the rights and powers of an insurer or the directors, officers, or trustees of an insurer.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.805.htm
- Text hash
- sha256 a5fae6ed7803e9cc171b20184e4a36889e5a7815c59b3cda22862f9601dfa66f
- 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.