Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 981.154 - Powers and Duties(a) The stamping office shall perform its functions under the plan of operation.(b) The stamping office shall conduct the following activities as provided in the plan of operation: (1) receive, record, and review each surplus lines insurance contract that a surplus lines agent is required to file with the office;(2) provide to the commissioner an evaluation of the eligibility of each surplus lines insurance contract and surplus lines insurer;(3) prepare monthly reports for the commissioner relating to surplus lines insurance obtained during the preceding month in a form prescribed by the commissioner;(4) prepare reports for the commissioner relating to surplus lines business;(5) collect from each surplus lines agent a stamping fee for the costs of operations to be paid by the insured and determined by the department in an amount not to exceed three-fourths of one percent of gross premium resulting from surplus lines insurance contracts;(8) enter into contracts;(9) perform any other acts to facilitate or encourage compliance with this chapter and rules adopted under this chapter; and(10) provide any other service incidental or related to an office purpose.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.