Tex. Ins. Code § 401.151

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 401.151 - Expenses of Examination of Domestic Insurer
(a) A domestic insurer examined on behalf of this state by the department or under the department's authority shall pay the expenses of the examination in an amount the commissioner certifies as just and reasonable.
(b) The department shall collect an assessment at the time of the examination to cover all expenses attributable directly to that examination, including:
(1) the salaries and expenses of department employees; and
(2) expenses described by Section 803.007.
(c) The department shall also impose an annual assessment on domestic insurers in an amount sufficient to meet all other expenses and disbursements necessary to comply with the laws of this state relating to the examination of insurers.
(d) In determining the amount of the assessment under Subsection (c), the department:
(1) shall consider:
(A) the insurer's total annual premium receipts or admitted assets, or both, that are not attributable to 90 percent of pension plan contracts as defined by Section 818(a), Internal Revenue Code of 1986; or
(B) the total amount of the insurer's insurance in force; and
(2) may not consider insurance premiums for insurance contracted for by a state or federal governmental entity to provide welfare benefits to designated welfare recipients or contracted for in accordance with or in furtherance of Title 2, Human Resources Code, or the federal Social Security Act (42 U.S.C. Section 301 et seq.).
(e) The amount of all examination and evaluation fees paid to the state by an insurer in each taxable year shall be allowed as a credit on the amount of premium taxes due.
(f) Expired.

Tex. Ins. Code § 401.151

Amended By Acts 2011, 82nd Leg., 1st C.S., Ch. 4, Sec. 2.04, eff. 9/28/2011.
Amended By Acts 2011, 82nd Leg., R.S., Ch. 659, Sec. 2, eff. 9/1/2011.
Amended By Acts 2007, 80th Leg., R.S., Ch. 932, Sec. 17, eff. 6/15/2007.
Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.