Sec. 401.155. ADDITIONAL ASSESSMENTS. (a) The department shall impose additional assessments against insurers on a pro rata basis as necessary to:
(1) cover all expenses and disbursements required by law; and
(2) comply with this subchapter and Sections 401.103, 401.104, 401.105, and 401.106.
(b) The department shall use any surplus resulting from an assessment under this section to reduce the amount of subsequent assessments.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle A - General Provisions
Chapter 401 - Audits and Examinations
Subchapter D. Examination Expenses
Section 401.151. Expenses of Examination of Domestic Insurer
Section 401.152. Expenses of Examination of Other Insurers
Section 401.153. Reimbursement of Expenses of Certain Persons or Firms
Section 401.154. Tax Credit Authorized