INSURANCE CODE
CHAPTER 203. GENERAL PROVISIONS RELATING TO TAXES
§ 203.001. LIMITATION ON CERTAIN ADDITIONAL
TAXES. (a) This section applies to:
(1) an insurer authorized to engage in the business of
insurance in this state other than an eligible surplus lines
insurer; and
(2) a health maintenance organization authorized to
engage in the business of a health maintenance organization in this
state.
(b) Except as otherwise provided by this code or the Labor
Code, an insurer or health maintenance organization subject to a
tax imposed by Chapter 4, 221, 222, 224, or 257 may not be required
to pay any additional tax imposed by this state or a county or
municipality in proportion to the insurer's or health maintenance
organization's gross premium receipts.
(c) Subsection (b) does not:
(1) limit the applicability of other taxes, fees, and
assessments imposed by this code; or
(2) prohibit the imposition and collection of state,
county, and municipal taxes on the property of insurers or health
maintenance organizations or state, county, and municipal taxes
imposed by other laws of this state, unless a specific exemption for
insurers or health maintenance organizations is provided in those
laws.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
§ 203.002. TAX PAYMENT REQUIRED FOR CERTAIN
CERTIFICATES; UNREPORTED GROSS PREMIUM RECEIPTS. (a) A Life
Insurance Company May not receive a certificate of authority to
engage in the business of insurance in this state until all taxes
imposed under this code or another insurance law of this state are
paid.
(b) If the commissioner determines by examining a company or
by other means that the company's gross premium receipts in a year
exceed the amount reported by the company for that year, the
commissioner shall report that determination to the comptroller.
The comptroller shall institute a collection action as the
comptroller considers appropriate to collect taxes due on
unreported gross premium receipts.
Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.
