reglab/statecodes huggingface dataset:
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 252 - Fire and Allied Lines Insurance › Section 252.004. Maintenance Tax Due Dates

Sec. 252.004.  MAINTENANCE TAX DUE DATES.  (a)  The insurer shall pay the maintenance tax annually or semiannually, as determined by the comptroller.
(b)  The comptroller may require semiannual or other periodic payment only from an insurer whose maintenance tax liability under this chapter for the previous tax year was at least $2,000.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 252 - Fire and Allied Lines Insurance › Section 252.005. Exception

Sec. 252.005.  EXCEPTION.  This chapter does not apply to:
(1)  a farm mutual insurance company operating under Chapter 911, unless the company is acting as a fronting insurer as defined by Section 221.001(c); or
(2)  a mutual insurance company engaged in business under Chapter 12, Title 78, Revised Statutes, before that chapter's repeal by Section 18, Chapter 40, Acts of the 41st Legislature, 1st Called Session, 1929, as amended by Section 1, Chapter 60, General Laws, Acts of the 41st Legislature, 2nd Called Session, 1929, that retains the rights and privileges under the repealed law to the extent provided by those sections.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 13, eff. April 1, 2007.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 1083 (H.B. 3496), Sec. 2, eff. September 1, 2017.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 253 - Casualty Insurance and Fidelity, Guaranty, and Surety Bond Insurance › Section 253.001. Maintenance Tax Imposed

Sec. 253.001.  MAINTENANCE TAX IMPOSED.  A maintenance tax is imposed on each authorized insurer with gross premiums subject to taxation under Section 253.003.  The tax required by this chapter is in addition to other taxes imposed that are not in conflict with this chapter.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 253 - Casualty Insurance and Fidelity, Guaranty, and Surety Bond Insurance › Section 253.002. Maximum Rate; Annual Adjustment

Sec. 253.002.  MAXIMUM RATE;  ANNUAL ADJUSTMENT.  (a)  The rate of assessment set by the commissioner may not exceed 0.4 percent of the gross premiums subject to taxation under Section 253.003.
(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 all classes of insurance specified under Section 253.003.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2C.003, eff. April 1, 2009.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 253 - Casualty Insurance and Fidelity, Guaranty, and Surety Bond Insurance › Section 253.003. Premiums Subject to Taxation

Sec. 253.003.  PREMIUMS SUBJECT TO TAXATION.  An insurer shall pay maintenance taxes under this chapter on the correctly reported gross premiums from writing a class of insurance specified under:
(1)  Chapters 2008, 2251, and 2252;
(2)  Subchapter B, Chapter 5;
(3)  Subchapter C, Chapter 1806;
(4)  Subchapter A, Chapter 2301; and
(5)  Subtitle B, Title 10.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2C.004, eff. April 1, 2009.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 253 - Casualty Insurance and Fidelity, Guaranty, and Surety Bond Insurance › Section 253.004. Maintenance Tax Due Dates

Sec. 253.004.  MAINTENANCE TAX DUE DATES.  (a)  The insurer shall pay the maintenance tax annually or semiannually, as determined by the comptroller.
(b)  The comptroller may require semiannual payment only from an insurer whose maintenance tax liability under this chapter for the previous tax year was at least $2,000.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 254 - Motor Vehicle Insurance › Section 254.001. Maintenance Tax Imposed

Sec. 254.001.  MAINTENANCE TAX IMPOSED.  A maintenance tax is imposed on each authorized insurer with gross premiums subject to taxation under Section 254.003.  The tax required by this chapter is in addition to other taxes imposed that are not in conflict with this chapter.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 254 - Motor Vehicle Insurance › Section 254.002. Maximum Rate; Annual Adjustment

Sec. 254.002.  MAXIMUM RATE;  ANNUAL ADJUSTMENT.  (a)  The rate of assessment set by the commissioner may not exceed 0.2 percent of the gross premiums subject to taxation under Section 254.003.
(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 motor vehicle insurance.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 254 - Motor Vehicle Insurance › Section 254.003. Premiums Subject to Taxation

Sec. 254.003.  PREMIUMS SUBJECT TO TAXATION.  An insurer shall pay maintenance taxes under this chapter on the correctly reported gross premiums from writing motor vehicle insurance in this state, including personal and commercial automobile insurance.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 932 (H.B. 3315), Sec. 13, eff. June 15, 2007.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 254 - Motor Vehicle Insurance › Section 254.004. Maintenance Tax Due Dates

Sec. 254.004.  MAINTENANCE TAX DUE DATES.  (a)  The insurer shall pay the maintenance tax annually or semiannually, as determined by the comptroller.
(b)  The comptroller may require semiannual or other periodic payment only from an insurer whose maintenance tax liability under this chapter for the previous tax year was at least $2,000.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 255 - Workers' Compensation Insurance › Section 255.001. Maintenance Tax Imposed

Sec. 255.001.  MAINTENANCE TAX IMPOSED.  (a)  A maintenance tax is imposed on each authorized insurer with gross premiums subject to taxation under Section 255.003, including a:
(1)  stock insurance company;
(2)  mutual insurance company;
(3)  reciprocal or interinsurance exchange;  and
(4)  Lloyd's plan.
(b)  The tax required by this chapter is in addition to other taxes imposed that are not in conflict with this chapter.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 255 - Workers' Compensation Insurance › Section 255.002. Maximum Rate; Annual Adjustment

Sec. 255.002.  MAXIMUM RATE;  ANNUAL ADJUSTMENT.  (a)  The rate of assessment set by the commissioner may not exceed 0.6 percent of the gross premiums subject to taxation under Section 255.003.
(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 workers' compensation insurance.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 255 - Workers' Compensation Insurance › Section 255.003. Premiums Subject to Taxation

Sec. 255.003.  PREMIUMS SUBJECT TO TAXATION.  (a)  An insurer shall pay maintenance taxes under this chapter on the correctly reported gross workers' compensation insurance premiums from writing workers' compensation insurance in this state, including the modified annual premium of a policyholder that purchases an optional deductible plan under Subchapter E, Chapter 2053.
(b)  The rate of assessment shall be applied to the modified annual premium before application of a deductible premium credit.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2C.005, eff. April 1, 2009.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 255 - Workers' Compensation Insurance › Section 255.004. Maintenance Tax Due Dates

Sec. 255.004.  MAINTENANCE TAX DUE DATES.  (a)  The insurer shall pay the maintenance tax annually or semiannually.
(b)  The comptroller may require semiannual payment only from an insurer whose maintenance tax liability under this chapter for the previous tax year was at least $2,000.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 256 - Aircraft Insurance › Section 256.001. Maintenance Tax Imposed

Sec. 256.001.  MAINTENANCE TAX IMPOSED.  A maintenance tax is imposed on each authorized insurer with gross premiums subject to taxation under Section 256.003.  The tax required by this chapter is in addition to other taxes imposed that are not in conflict with this chapter.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 256 - Aircraft Insurance › Section 256.002. Maximum Rate; Annual Adjustment

Sec. 256.002.  MAXIMUM RATE;  ANNUAL ADJUSTMENT.  (a)  The rate of assessment set by the commissioner may not exceed 0.4 percent of the gross premiums subject to taxation under Section 256.003.
(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 all classes of insurance specified under Chapter 2101.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2C.006, eff. April 1, 2009.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 256 - Aircraft Insurance › Section 256.003. Premiums Subject to Taxation

Sec. 256.003.  PREMIUMS SUBJECT TO TAXATION.  An insurer shall pay maintenance taxes under this chapter on the correctly reported gross premiums from writing a class of insurance specified under Chapter 2101.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2C.007, eff. April 1, 2009.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 256 - Aircraft Insurance › Section 256.004. Maintenance Tax Due Dates

Sec. 256.004.  MAINTENANCE TAX DUE DATES.  (a)  The insurer shall pay the maintenance tax annually or semiannually, as determined by the comptroller.
(b)  The comptroller may require semiannual payment only from an insurer whose maintenance tax liability under this chapter for the previous tax year was at least $2,000.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 257 - Life, Health, and Accident Insurance › Section 257.001. Maintenance Tax Imposed

Sec. 257.001.  MAINTENANCE TAX IMPOSED.  (a)  A maintenance tax is imposed on each authorized insurer, including a group hospital service corporation, managed care organization, local mutual aid association, statewide mutual assessment company, stipulated premium company, and stock or mutual insurance company, that collects from residents of this state gross premiums or gross considerations subject to taxation under Section 257.003.  The tax required by this chapter is in addition to other taxes imposed that are not in conflict with this chapter.
(b)  In this section, "managed care organization" means an organization authorized under this code to engage in the business of issuing health benefit plans that is not authorized as a health maintenance organization, preferred provider organization, or insurance company and the taxation of which is not preempted by federal law.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 932 (H.B. 3315), Sec. 14, eff. June 15, 2007.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 257 - Life, Health, and Accident Insurance › Section 257.002. Maximum Rate; Annual Adjustment

Sec. 257.002.  MAXIMUM RATE;  ANNUAL ADJUSTMENT.  (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.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 257 - Life, Health, and Accident Insurance › Section 257.003. Premiums and Considerations Subject to Taxation; Limit

Sec. 257.003.  PREMIUMS AND CONSIDERATIONS SUBJECT TO TAXATION;  LIMIT.  (a)  An insurer shall pay maintenance taxes under this chapter on the correctly reported:
(1)  gross premiums collected from writing life, health, and accident insurance in this state, except as provided in Subsection (b);  and
(2)  gross considerations collected from writing annuity or endowment contracts in this state.
(b)  The gross premiums on which an assessment is based under this chapter may not include:
(1)  premiums received from the United States for insurance contracted for by the United States  in accordance with or in furtherance of Title XVIII of the Social Security Act (42 U.S.C. Section 1395c et seq.) and its subsequent amendments; or
(2)  premiums paid on group health, accident, and life policies in which the group covered by the policy consists of a single nonprofit trust established to provide coverage primarily for employees of:
(A)  a municipality, county, or hospital district in this state; or
(B)  a county or municipal hospital, without regard to whether the employees are employees of the county or municipality or of an entity operating the hospital on behalf of the county or municipality.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.006(a), eff. September 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 257 - Life, Health, and Accident Insurance › Section 257.004. Maintenance Tax Due Dates

Sec. 257.004.  MAINTENANCE TAX DUE DATES.  (a)  The insurer shall pay the maintenance tax annually, semiannually, or on another periodic basis, as determined by the comptroller.
(b)  The comptroller may require semiannual or other periodic payment only from an insurer whose maintenance tax liability under this chapter for the previous year was at least $2,000.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 258 - Health Maintenance Organizations › Section 258.001. Applicability of Certain Definitions

Sec. 258.001.  APPLICABILITY OF CERTAIN DEFINITIONS.  In this chapter, a term defined by Section 843.002 has the meaning assigned by that section.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 258 - Health Maintenance Organizations › Section 258.002. Maintenance Tax Imposed

Sec. 258.002.  MAINTENANCE TAX IMPOSED.  A per capita maintenance tax is imposed on each authorized health maintenance organization with gross revenues subject to taxation under Section 258.004.  The tax required by this chapter is in addition to other taxes imposed that are not in conflict with this chapter.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 258 - Health Maintenance Organizations › Section 258.003. Maximum Rate; Annual Adjustment

Sec. 258.003.  MAXIMUM RATE;  ANNUAL ADJUSTMENT.  (a)  The rate of assessment set by the commissioner may not exceed $2 per enrollee.
(b)  The commissioner shall annually adjust the rate of assessment of the per capita 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 health maintenance organizations.
(c)  The rate of assessment may differ between basic health care plans, limited health care service plans, and single health care service plans and must equitably reflect any differences in regulatory resources attributable to each type of plan.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 258 - Health Maintenance Organizations › Section 258.004. Revenues Subject to Taxation; Limit

Sec. 258.004.  REVENUES SUBJECT TO TAXATION;  LIMIT.  (a)  A health maintenance organization shall pay per capita maintenance taxes under this chapter on the correctly reported gross revenues collected from issuing health maintenance certificates or contracts in this state.
(b)  The amount of maintenance tax assessed may not be computed based on:
(1)  enrollees who as individual certificate holders or their dependents are covered by a master group policy paid for by revenues received from the United States for insurance contracted for by the United States  in accordance with or in furtherance of Title XVIII of the Social Security Act (42 U.S.C. Section 1395c et seq.) and its subsequent amendments; or
(2)  revenues paid on group health, accident, and life certificates or contracts in which the group covered by the certificate or contract consists of a single nonprofit trust established to provide coverage primarily for employees of:
(A)  a municipality, county, or hospital district in this state; or
(B)  a county or municipal hospital, without regard to whether the employees are employees of the county or municipality or of an entity operating the hospital on behalf of the county or municipality.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.007(a), eff. September 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 258 - Health Maintenance Organizations › Section 258.005. Maintenance Tax Due Dates

Sec. 258.005.  MAINTENANCE TAX DUE DATES.  (a)  The health maintenance organization shall pay the maintenance tax annually or semiannually.
(b)  The comptroller may require semiannual or other periodic payment only from a health maintenance organization whose maintenance tax liability under this chapter for the previous year was at least $2,000.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 259 - Third-Party Administrators › Section 259.001. Definitions

Sec. 259.001.  DEFINITIONS.  In this chapter:
(1)  "Administrative or service fees" means all consideration, fees, assessments, payments, reimbursements, dues, and other compensation received for services as an administrator during a calendar year.  The term does not include sales commissions.
(2)  "Administrator" has the meaning assigned by Section 4151.001.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 259 - Third-Party Administrators › Section 259.002. Maintenance Tax Imposed

Sec. 259.002.  MAINTENANCE TAX IMPOSED.  A maintenance tax is imposed on each authorized administrator with administrative or service fees subject to taxation under Section 259.004.  The tax required by this chapter is in addition to other taxes imposed that are not in conflict with this chapter.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 259 - Third-Party Administrators › Section 259.003. Maximum Rate; Annual Adjustment

Sec. 259.003.  MAXIMUM RATE;  ANNUAL ADJUSTMENT.  (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.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 259 - Third-Party Administrators › Section 259.004. Administrative and Service Fees Subject to Taxation

Sec. 259.004.  ADMINISTRATIVE AND SERVICE FEES SUBJECT TO TAXATION.  An administrator shall pay maintenance taxes under this chapter on the administrator's correctly reported administrative or service fees.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 259 - Third-Party Administrators › Section 259.005. Maintenance Tax Due Dates

Sec. 259.005.  MAINTENANCE TAX DUE DATES.  The administrator shall pay the maintenance tax annually, semiannually, or on another periodic basis, as determined by the comptroller.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 261 - Texas Insurance Exchange › Section 261.001. Definition

Sec. 261.001.  DEFINITION.  In this chapter, "exchange" means the Texas Insurance Exchange.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 261 - Texas Insurance Exchange › Section 261.002. Maintenance Tax Imposed

Sec. 261.002.  MAINTENANCE TAX IMPOSED.  A maintenance tax is imposed on the gross premiums paid through the exchange and subject to taxation under Section 261.004.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 261 - Texas Insurance Exchange › Section 261.003. Maximum Rate; Annual Adjustment

Sec. 261.003.  MAXIMUM RATE;  ANNUAL ADJUSTMENT.  (a)  The rate of assessment set by the commissioner may not exceed one percent of the gross premiums subject to taxation under Section 261.004.
(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 during the succeeding year of regulating all classes of insurance specified under Chapter 2204.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2C.008, eff. April 1, 2009.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 261 - Texas Insurance Exchange › Section 261.004. Premiums Subject to Taxation

Sec. 261.004.  PREMIUMS SUBJECT TO TAXATION.  The exchange shall pay maintenance taxes under this chapter on the correctly reported gross premiums paid through the exchange on all classes of insurance specified under Chapter 2204.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2C.009, eff. April 1, 2009.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle C - Insurance Maintenance Taxes › Chapter 261 - Texas Insurance Exchange › Section 261.005. Maintenance Tax Due Dates

Sec. 261.005.  MAINTENANCE TAX DUE DATES.  The exchange shall pay the maintenance tax annually, semiannually, or on another periodic basis, as determined by the comptroller.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle D - Title Insurance Maintenance Fees › Chapter 271 - Title Insurance Maintenance Fees › Section 271.001. Applicability of Certain Definitions

Sec. 271.001.  APPLICABILITY OF CERTAIN DEFINITIONS.  In this chapter, a term defined by Chapter 2501 has the meaning assigned by that chapter.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle D - Title Insurance Maintenance Fees › Chapter 271 - Title Insurance Maintenance Fees › Section 271.002. Maintenance Fee Imposed

Sec. 271.002.  MAINTENANCE FEE IMPOSED.  (a)  A maintenance fee is imposed on all premiums subject to assessment under Section 271.006.
(b)  The maintenance fee is not a tax and shall be reported and paid separately from premium and retaliatory taxes.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 932 (H.B. 3315), Sec. 15, eff. June 15, 2007.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle D - Title Insurance Maintenance Fees › Chapter 271 - Title Insurance Maintenance Fees › Section 271.003. Duplication of Assessment Prohibited With Respect to Title Insurance Agents

Sec. 271.003.  DUPLICATION OF ASSESSMENT PROHIBITED WITH RESPECT TO TITLE INSURANCE AGENTS.  The maintenance fee is included in the division of premiums and may not be separately charged to a title insurance agent.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle D - Title Insurance Maintenance Fees › Chapter 271 - Title Insurance Maintenance Fees › Section 271.004. Determining Rate of Assessment

Sec. 271.004.  DETERMINING RATE OF ASSESSMENT.  (a)  The commissioner shall annually determine the rate of assessment of the maintenance fee.
(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, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle D - Title Insurance Maintenance Fees › Chapter 271 - Title Insurance Maintenance Fees › Section 271.005. Maximum Rate; Annual Adjustment

Sec. 271.005.  MAXIMUM RATE;  ANNUAL ADJUSTMENT.  (a)  The rate of assessment set by the commissioner may not exceed one percent of the gross premiums subject to assessment under Section 271.006.
(b)  The commissioner shall annually adjust the rate of assessment of the maintenance fee so that the fee imposed that year, together with any unexpended funds produced by the fee, produces the amount the commissioner determines is necessary to pay the expenses during the succeeding year of regulating title insurance.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle D - Title Insurance Maintenance Fees › Chapter 271 - Title Insurance Maintenance Fees › Section 271.006. Premiums Subject to Assessment

Sec. 271.006.  PREMIUMS SUBJECT TO ASSESSMENT.  An insurer shall pay maintenance fees under this chapter on the correctly reported gross premiums from writing title insurance in this state.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle D - Title Insurance Maintenance Fees › Chapter 271 - Title Insurance Maintenance Fees › Section 271.007. Collection of Maintenance Fee

Sec. 271.007.  COLLECTION OF MAINTENANCE FEE.  The comptroller shall collect the maintenance fee.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle D - Title Insurance Maintenance Fees › Chapter 271 - Title Insurance Maintenance Fees › Section 271.008. Duty to Advise Comptroller of Rate

Sec. 271.008.  DUTY TO ADVISE COMPTROLLER OF RATE.  The commissioner shall advise the comptroller of the applicable rate of assessment of the maintenance fee not later than the 45th day before the due date of the maintenance fee return for the period for which that fee is due.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle D - Title Insurance Maintenance Fees › Chapter 271 - Title Insurance Maintenance Fees › Section 271.009. Effect of Late Advisement of Rate

Sec. 271.009.  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 the maintenance fee by the date required by Section 271.008, the rate of assessment is the rate imposed in the preceding period.
(b)  If the commissioner advises the comptroller of the applicable rate of assessment after the fee has been assessed, the comptroller shall:
(1)  advise each insurer in writing of the amount of any additional fees due;  or
(2)  refund any excess fees paid.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle D - Title Insurance Maintenance Fees › Chapter 271 - Title Insurance Maintenance Fees › Section 271.010. Deposit of Maintenance Fees

Sec. 271.010.  DEPOSIT OF MAINTENANCE FEES.  (a)  The comptroller shall deposit maintenance fees collected under this chapter in the general revenue fund to be reallocated to the Texas Department of Insurance operating account.
(b)  Amounts in the Texas Department of Insurance operating account may be transferred to the appropriate portion of the general revenue fund in accordance with Section 201.052.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle D - Title Insurance Maintenance Fees › Chapter 271 - Title Insurance Maintenance Fees › Section 271.011. Maintenance Fee Due Dates

Sec. 271.011.  MAINTENANCE FEE DUE DATES.  (a)  The insurer shall pay the maintenance fee on an annual, semiannual, or other periodic basis, as determined by the comptroller.
(b)  The comptroller may require semiannual or other periodic payment only from an insurer whose maintenance fee liability under this chapter for the preceding year was at least $2,000.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle D - Title Insurance Maintenance Fees › Chapter 271 - Title Insurance Maintenance Fees › Section 271.012. Rules

Sec. 271.012.  RULES.  The commissioner may adopt reasonable rules to implement payments under this chapter.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle E - Other Taxes › Chapter 281 - Retaliatory Provisions › Subchapter A. Retaliatory Taxes and Other Charges › Section 281.001. Definitions

Sec. 281.001.  DEFINITIONS.  In this subchapter:
(1)  "Domestic insurer" means an insurer organized in this state.
(2)  "Foreign insurer" means an insurer organized in another state.
(3)  "Tax or other charge" includes:
(A)  a tax, including an income, corporate franchise, or maintenance tax;
(B)  a fee, including a regulatory fee similar to a maintenance tax;
(C)  a license;
(D)  a fine;
(E)  a penalty;
(F)  a deposit requirement;  and
(G)  any other obligation.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle E - Other Taxes › Chapter 281 - Retaliatory Provisions › Subchapter A. Retaliatory Taxes and Other Charges › Section 281.002. Treatment of Alien Insurer as Foreign Insurer

Sec. 281.002.  TREATMENT OF ALIEN INSURER AS FOREIGN INSURER.  For purposes of this subchapter, an alien insurer is considered to be organized in the state designated by the insurer in which the insurer:
(1)  has established its principal office or agency in the United States;
(2)  maintains the greatest amount of its assets held in trust or on deposit for the security of its policyholders or policyholders and creditors in the United States;  or
(3)  was admitted to engage in business in the United States.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle E - Other Taxes › Chapter 281 - Retaliatory Provisions › Subchapter A. Retaliatory Taxes and Other Charges › Section 281.003. Exception

Sec. 281.003.  EXCEPTION.  This subchapter does not apply to a person, company, firm, association, group, corporation, or insurance organization of any kind from another state that engages in business in this state if:
(1)  at least 15 percent of the voting stock of the person, company, firm, association, group, corporation, or insurance organization is owned by a corporation organized under the laws of and domiciled in this state;  and
(2)  the person, company, firm, association, group, corporation, or insurance organization met the requirements of Subdivision (1) before January 30, 1957.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle E - Other Taxes › Chapter 281 - Retaliatory Provisions › Subchapter A. Retaliatory Taxes and Other Charges › Section 281.004. Retaliatory Taxes or Other Charges, Prohibitions, and Restrictions

Sec. 281.004.  RETALIATORY TAXES OR OTHER CHARGES, PROHIBITIONS, AND RESTRICTIONS.  (a)  The comptroller shall impose and collect a tax or other charge or a prohibition or restriction on a foreign insurer authorized to engage in business in this state if:
(1)  the foreign insurer's state of organization by law imposes a tax or other charge or a prohibition or restriction on a similar domestic insurer that is or may be authorized to engage in business in that other state;  and
(2)  the sum of the taxes or other charges, prohibitions, and restrictions imposed by that other state is more than the sum of the taxes or other charges, prohibitions, and restrictions that this state directly imposes on the foreign insurer.
(b)  The comptroller shall impose and collect the tax or other charge, prohibition, or restriction under Subsection (a) in the same manner and for the same purpose as the foreign insurer's state of organization.
(c)  The sum of the taxes or other charges that this state imposes on a foreign insurer under this subchapter may not exceed the sum of the taxes or other charges imposed by the foreign insurer's state of organization on a similar domestic insurer that is or may be authorized to engage in business in that other state.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle E - Other Taxes › Chapter 281 - Retaliatory Provisions › Subchapter A. Retaliatory Taxes and Other Charges › Section 281.005. Exclusion of Certain Taxes or Charges

Sec. 281.005.  EXCLUSION OF CERTAIN TAXES OR CHARGES.  In determining an insurer's taxes or other charges under this subchapter, the comptroller may not consider:
(1)  an ad valorem tax on property;
(2)  a personal income tax;
(3)  a sales tax;
(4)  a surcharge that an insurer may recover directly from policyholders;  or
(5)  an assessment for a special purpose, such as an assessment for a guaranty association, high risk health pool, joint underwriting association, or windstorm association, under the law of this or another state.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle E - Other Taxes › Chapter 281 - Retaliatory Provisions › Subchapter A. Retaliatory Taxes and Other Charges › Section 281.006. Treatment of Certain Tax Reductions and Credits

Sec. 281.006.  TREATMENT OF CERTAIN TAX REDUCTIONS AND CREDITS.  (a)  Repealed by Acts 2007, 80th Leg., R.S., Ch. 932, Sec. 22(b), eff. June 15, 2007.
(b)  For purposes of this subchapter, a tax offset or credit related to an assessment described by Section 281.005 is considered a tax paid in this or another state, as appropriate.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 932 (H.B. 3315), Sec. 22(b), eff. June 15, 2007.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle E - Other Taxes › Chapter 281 - Retaliatory Provisions › Subchapter A. Retaliatory Taxes and Other Charges › Section 281.007. Tax Report; Administration and Collection of Tax

Sec. 281.007.  TAX REPORT;  ADMINISTRATION AND COLLECTION OF TAX.  The comptroller shall prescribe a due date for filing a report and paying a tax imposed under this subchapter.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle E - Other Taxes › Chapter 281 - Retaliatory Provisions › Subchapter A. Retaliatory Taxes and Other Charges › Section 281.008. Reciprocity Agreements

Sec. 281.008.  RECIPROCITY AGREEMENTS.  The comptroller by rule may enter into a reciprocity agreement with another state under which the parties agree to mutually set aside retaliatory provisions in situations in which this state and the other state determine that retaliation is not the preferred approach to protect their domestic insurers from excessive taxation or other financial obligations.  In adopting rules under this section, the comptroller may not adopt a rule that does not specifically implement this section.
Added by Acts 2007, 80th Leg., R.S., Ch. 932 (H.B. 3315), Sec. 16, eff. June 15, 2007.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle E - Other Taxes › Chapter 281 - Retaliatory Provisions › Subchapter B. Retaliatory Penalties or Other Obligations › Section 281.051. Definitions

Sec. 281.051.  DEFINITIONS.  In this subchapter:
(1)  "Domestic insurer" and "foreign insurer" have the meanings assigned by Section 281.001.
(2)  "Penalty or other obligation" includes a sanction, fine, financial, deposit, or regulatory requirement, and any other obligation, prohibition, or restriction.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 3 - Department Funds, Fees, and Taxes › Subtitle E - Other Taxes › Chapter 281 - Retaliatory Provisions › Subchapter B. Retaliatory Penalties or Other Obligations › Section 281.052. Imposition of Penalty or Other Obligation

Sec. 281.052.  IMPOSITION OF PENALTY OR OTHER OBLIGATION.  (a)  The Texas Department of Insurance shall impose a penalty or other obligation on a foreign insurer authorized to engage in the business of insurance in this state if:
(1)  the insurance department or an insurance regulatory official of the foreign insurer's state of organization imposes a penalty or other obligation on any domestic insurer authorized to engage in the business of insurance in that state;  and
(2)  the penalty or other obligation is imposed because the Texas Department of Insurance did not:
(A)  obtain or maintain accreditation certification or a similar form of approval, compliance, or acceptance from or as a member of the National Association of Insurance Commissioners or a committee, task force, working group, or advisory committee of the association;  or
(B)  comply with a model act, regulation, report, or requirement of the National Association of Insurance Commissioners or a committee, task force, working group, or advisory committee of the association, including a market conduct, financial examination, or annual financial statement.
(b)  A penalty or other obligation imposed by the Texas Department of Insurance on a foreign insurer under this section must be the same as the penalty or other obligation imposed on the domestic insurer by the insurance department or regulatory official of the foreign insurer's state of organization.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
2023 Texas Statutes › Insurance Code › Title 4 - Regulation of Solvency › Subtitle A - General Provisions › Chapter 401 - Audits and Examinations › Subchapter A. Independent Audit of Financial Statements › Section 401.001. Definitions

Sec. 401.001.  DEFINITIONS.  In this subchapter:
(1)  "Accountant" means an independent certified public accountant or accounting firm that meets the requirements of Section 401.011.
(2)  "Affiliate" has the meaning assigned by Section 823.003.
(3)  "Health maintenance organization" means a health maintenance organization authorized to engage in business in this state.
(4)  "Insurer" means an insurer authorized to engage in business in this state, including:
(A)  a life, health, or accident insurance company;
(B)  a fire and marine insurance company;
(C)  a general casualty company;
(D)  a title insurance company;
(E)  a fraternal benefit society;
(F)  a mutual life insurance company;
(G)  a local mutual aid association;
(H)  a statewide mutual assessment company;
(I)  a mutual insurance company other than a mutual life insurance company;
(J)  a farm mutual insurance company;
(K)  a county mutual insurance company;
(L)  a Lloyd's plan;
(M)  a reciprocal or interinsurance exchange;
(N)  a group hospital service corporation;
(O)  a stipulated premium company; and
(P)  a nonprofit legal services corporation.
(5)  "Subsidiary" has the meaning assigned by Section 823.003.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
2023 Texas Statutes › Insurance Code › Title 4 - Regulation of Solvency › Subtitle A - General Provisions › Chapter 401 - Audits and Examinations › Subchapter A. Independent Audit of Financial Statements › Section 401.002. Purpose of Subchapter

Sec. 401.002.  PURPOSE OF SUBCHAPTER.  The purpose of this subchapter is to require an annual audit by an independent certified public accountant of the financial statements reporting the financial condition and the results of operations of each insurer or health maintenance organization.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
2023 Texas Statutes › Insurance Code › Title 4 - Regulation of Solvency › Subtitle A - General Provisions › Chapter 401 - Audits and Examinations › Subchapter A. Independent Audit of Financial Statements › Section 401.003. Effect of Subchapter on Authority to Examine

Sec. 401.003.  EFFECT OF SUBCHAPTER ON AUTHORITY TO EXAMINE.  This subchapter does not limit the commissioner's authority to order or the department's authority to conduct an examination of an insurer or health maintenance organization under this code or the commissioner's rules.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
2023 Texas Statutes › Insurance Code › Title 4 - Regulation of Solvency › Subtitle A - General Provisions › Chapter 401 - Audits and Examinations › Subchapter A. Independent Audit of Financial Statements › Section 401.004. Filing and Extensions for Filing of Audited Financial Report

Sec. 401.004.  FILING AND EXTENSIONS FOR FILING OF AUDITED FINANCIAL REPORT.  (a)  Unless exempt under Section 401.006, 401.007, or 401.008 and except as otherwise provided by Sections 401.005 and 401.016, an insurer or health maintenance organization shall:
(1)  have an annual audit performed by an accountant; and
(2)  file with the commissioner on or before June 30 an audited financial report for the preceding calendar year.
(b)  The commissioner may require an insurer or health maintenance organization to file an audited financial report on a date that precedes June 30.  The commissioner must notify the insurer or health maintenance organization of the filing date not later than the 90th day before that date.
(c)  An insurer or health maintenance organization may request an extension of the filing date by submitting the request in writing before the 10th day preceding the filing date.  The request must include sufficient detail for the commissioner to make an informed decision on the requested extension.  The commissioner may extend the filing date for one or more 30-day periods if the commissioner determines that there is good cause for the extension based on a showing by the insurer or health maintenance organization and the insurer's or health maintenance organization's accountant of the reasons for requesting the extension.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.