CHAPTER 203. GENERAL PROVISIONS RELATING TO TAXES
INSURANCE CODE
TITLE 3. DEPARTMENT FUNDS, FEES, AND TAXES
SUBTITLE A. GENERAL PROVISIONS
CHAPTER 203. GENERAL PROVISIONS RELATING TO TAXES
Sec. 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, Sec. 1, eff. April 1,
2005.
Sec. 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, Sec. 1, eff. April 1,
2005.