Tex. Ins. Code § 281.005

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 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.

Tex. Ins. Code § 281.005

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. 4/1/2005.