Sec. 271.009. EFFECT OF LATE ADVISEMENT OF RATE. (a) Except as provided by Subsection (b), if the commissioner does not advise the comptroller of the applicable rate of assessment of the maintenance fee by the date required by Section 271.008, the rate of assessment is the rate imposed in the preceding period.
(b) If the commissioner advises the comptroller of the applicable rate of assessment after the fee has been assessed, the comptroller shall:
(1) advise each insurer in writing of the amount of any additional fees due; or
(2) refund any excess fees paid.
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 D - Title Insurance Maintenance Fees
Chapter 271 - Title Insurance Maintenance Fees
Section 271.001. Applicability of Certain Definitions
Section 271.002. Maintenance Fee Imposed
Section 271.003. Duplication of Assessment Prohibited With Respect to Title Insurance Agents
Section 271.004. Determining Rate of Assessment
Section 271.005. Maximum Rate; Annual Adjustment
Section 271.006. Premiums Subject to Assessment
Section 271.007. Collection of Maintenance Fee
Section 271.008. Duty to Advise Comptroller of Rate
Section 271.009. Effect of Late Advisement of Rate
Section 271.010. Deposit of Maintenance Fees