Sec. 651.005. DEPOSIT AND USE OF FEES. (a) Except as provided by Subsection (b), each fee collected under this chapter:
(1) shall be deposited to the credit of the Texas Department of Insurance operating account; and
(2) may be used by the department to enforce this chapter.
(b) An assessment or fee associated with examination costs, as defined by Section 401.251, shall be deposited to the account described by Section 401.156(a).
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 659 (S.B. 1291), Sec. 4, eff. September 1, 2011.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle E - Premium Financing
Chapter 651 - Financing of Insurance Premiums
Subchapter A. General Provisions
Section 651.002. Certain Conduct Not Engaging in Business as Insurance Premium Finance Company
Section 651.004. Employment of Examiners and Investigators; Payment of Expenses
Section 651.005. Deposit and Use of Fees
Section 651.007. Applicability of Consumer Credit Protection Act and Regulation Z