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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
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Subtitle E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES |
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Chapter 888. BURIAL ASSOCIATIONS |
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Subchapter B. ANNUAL ASSESSMENT |
Sec. 888.052. PAYMENT OF ANNUAL ASSESSMENT
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(a) Each burial association shall pay the annual assessment imposed by Section 888.051 to the department between January 1 and March 1 at the same time the association files its annual statement with the department.
(b) Annual assessments collected under this section shall be deposited to the credit of the Texas Department of Insurance operating account. Sections 201.001 and 201.002 apply to the assessments.
(c) All assessments paid to the department under this section are for the use and benefit of the department to:
(1) obtain advice, information, and knowledge relating to adequate and reasonable rates for burial associations in this state;
(2) compile records for purposes of Subdivision (1); and
(3) implement Sections 888.051, 888.052, 888.102(b), 888.151, 888.152, 888.153, 888.154, 888.155, 888.156, 888.157, 888.202, 888.203, and 888.204.