Sec. 981.075. TAXES IMPOSED. (a) The premium for a surplus lines policy written under this subchapter is subject to the premium tax, if applicable, imposed under Chapter 225.
(b) A domestic surplus lines insurer is subject to an applicable maintenance tax as if the domestic surplus lines insurer were an authorized insurer under Subtitle C, Title 3.
Added by Acts 2017, 85th Leg., R.S., Ch. 854 (H.B. 2492), Sec. 5, eff. January 1, 2018.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas
Chapter 981 - Surplus Lines Insurance
Subchapter B. -1. Domestic Surplus Lines Insurer
Section 981.072. Designation as Domestic Surplus Lines Insurer
Section 981.073. Applicability of Other Law; Conflicts
Section 981.074. Authorized Business
Section 981.075. Taxes Imposed
Section 981.076. Requirements for Domestic Surplus Lines Documents