Sec. 225.010. TAX ABSORPTION AND REBATES PROHIBITED. (a) A surplus lines agent may not absorb the tax imposed by this chapter.
(b) A surplus lines agent may not rebate all or part of the tax or the agent's commission as an inducement for insurance or for any other reason.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Structure Texas Statutes
Title 3 - Department Funds, Fees, and Taxes
Subtitle B - Insurance Premium Taxes
Chapter 225 - Surplus Lines Insurance Premium Tax
Section 225.002. Applicability of Chapter
Section 225.003. Applicability of General Provisions of Other Law
Section 225.004. Tax Imposed; Rate
Section 225.005. Tax Exclusive
Section 225.006. Collection of Tax by Agent
Section 225.007. Collected Taxes Held in Trust
Section 225.008. Tax Payment, Report, and Due Date
Section 225.009. Prepayment of Tax
Section 225.010. Tax Absorption and Rebates Prohibited
Section 225.011. Canceled or Rewritten Insurance Contract
Section 225.012. State as Preferred Creditor