2005 Texas Insurance Code CHAPTER 251. GENERAL PROVISIONS

INSURANCE CODE

SUBTITLE C. INSURANCE MAINTENANCE TAXES

CHAPTER 251. GENERAL PROVISIONS


	§ 251.001. DETERMINING RATE OF ASSESSMENT.  (a) The 
commissioner shall annually determine the rate of assessment of 
each maintenance tax imposed under this subtitle.
	(b)  In determining the rate of assessment, the commissioner 
shall consider the requirement to reimburse the appropriate portion 
of the general revenue fund under Section 201.052.

Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.          


	§ 251.002. DUTY TO ADVISE COMPTROLLER OF RATE.  The 
commissioner shall advise the comptroller of the applicable rate of 
assessment of a maintenance tax not later than the 45th day before 
the due date of the tax report for the period for which that tax is 
due.

Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.          


	§ 251.003. EFFECT OF LATE ADVISEMENT OF RATE.  (a) Except 
as provided by Subsection (b), if the commissioner does not advise 
the comptroller of the applicable rate of assessment of a 
maintenance tax by the date required by Section 251.002, the rate of 
assessment is the rate applied in the previous tax period.
	(b)  If the commissioner advises the comptroller of the 
applicable rate of assessment of a maintenance tax after the tax has 
been assessed, the comptroller shall:
		(1)  advise each taxpayer in writing of the amount of 
any additional taxes due;  or
		(2)  refund any excess taxes paid.                                            

Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.          


	§ 251.004. DEPOSIT OF MAINTENANCE TAXES.  Maintenance 
taxes collected under this subtitle shall be deposited in the 
general revenue fund and reallocated to the Texas Department of 
Insurance operating account.

Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.