Section 154.3525 - Assessment on Insurance-Funded Contracts(a) The department shall assess and collect from a seller not more than $1 for each insurance-funded contract sold during each calendar year and shall deposit the assessments in the insurance-funded contract account within the fund.(b) The department shall stop assessing the amounts required by Subsection (a) when the amount in the insurance-funded contract account reaches $1 million.Tex. Fin. Code § 154.3525
Added by Acts 2009, 81st Leg., R.S., Ch. 1190, Sec. 24, eff. 9/1/2009.