INSURANCE CODE

CHAPTER 254. MOTOR VEHICLE INSURANCE


	§ 254.001.  MAINTENANCE TAX IMPOSED.  A maintenance tax 
is imposed on each authorized insurer with gross premiums subject 
to taxation under Section 254.003.  The tax required by this chapter 
is in addition to other taxes imposed that are not in conflict with 
this chapter.

Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.          


	§ 254.002.  MAXIMUM RATE;  ANNUAL ADJUSTMENT.  (a)  The 
rate of assessment set by the commissioner may not exceed 0.2 
percent of the gross premiums subject to taxation under Section 
254.003.
	(b)  The commissioner shall annually adjust the rate of 
assessment of the maintenance tax so that the tax imposed that year, 
together with any unexpended funds produced by the tax, produces 
the amount the commissioner determines is necessary to pay the 
expenses during the succeeding year of regulating motor vehicle 
insurance.

Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.          


	§ 254.003.  PREMIUMS SUBJECT TO TAXATION.  An insurer 
shall pay maintenance taxes under this chapter on the correctly 
reported gross premiums from writing motor vehicle insurance in 
this state.

Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.          


	§ 254.004.  MAINTENANCE TAX DUE DATES.  (a)  The insurer 
shall pay the maintenance tax annually or semiannually, as 
determined by the comptroller.
	(b)  The comptroller may require semiannual or other 
periodic payment only from an insurer whose maintenance tax 
liability under this chapter for the previous tax year was at least 
$2,000.

Added by Acts 2003, 78th Leg., ch. 1274, § 1, eff. April 1, 2005.