Texas Statutes
Chapter 221 - Property and Casualty Insurance Premium Tax
Section 221.001. Applicability of Chapter

Sec. 221.001. APPLICABILITY OF CHAPTER. (a) This chapter applies to an insurer, organization, or concern that receives gross premiums subject to taxation under Section 221.002, including a reciprocal or interinsurance exchange that elects to be subject to taxation under this chapter in accordance with Section 224.003 and a Lloyd's plan.
(b) This chapter does not apply to:
(1) a fraternal benefit society, including a fraternal benefit society operating under Chapter 885;
(2) a group hospital service corporation operating under Chapter 842;
(3) a stipulated premium company operating under Chapter 884;
(4) a mutual assessment association, company, or corporation regulated under Chapter 887;
(5) a purely cooperative or mutual fire insurance company carried on by its members solely for the protection of their own property and not for profit, except as provided by Section 221.002(b)(13); or
(6) a farm mutual insurance company operating under Chapter 911, unless the company is acting as a fronting insurer.
(c) In this section, "fronting insurer" means a farm mutual insurance company:
(1) issuing an insurance policy that is the result of:
(A) marketing by an insurer not affiliated with the farm mutual insurance company;
(B) an application submitted by a consumer to an insurer not affiliated with the farm mutual insurance company; or
(C) an agreement with an insurer that is not a farm mutual insurance company solely for the purpose of being regulated under Chapter 911; or
(2) that cedes 85 percent or more of the farm mutual insurance company's direct written premium to one or more nonaffiliated reinsurers.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2017, 85th Leg., R.S., Ch. 1083 (H.B. 3496), Sec. 1, eff. September 1, 2017.

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