Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 3. DEPARTMENT FUNDS, FEES, AND TAXES |
Subtitle B. INSURANCE PREMIUM TAXES |
Chapter 225. SURPLUS LINES INSURANCE PREMIUM TAX |
Sec. 225.010. TAX ABSORPTION AND REBATES PROHIBITED
Latest version.
-
(a) A surplus lines agent may not absorb the tax imposed by this chapter.
(b) A surplus lines agent may not rebate all or part of the tax or the agent's commission as an inducement for insurance or for any other reason.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.