Issue Date: 1991-09-01
Revised Date: 2019-09-01

Legal Cites

Object Type

Cash — Insurance

Origin Date

1991 by H.B. 640, 72nd Leg., R.S.

Description

An insurer shall pay a fee equal to $4 multiplied by the total number of motor vehicle years of insurance for insurance policies delivered, issued for delivery or renewed by the insurer. Sixty percent of each fee is deposited to GR Account 5111 and the remainder to GR Fund 0001.

Due Date

Annually; by March 1 for a policy issued July 1 through Dec. 31 of the previous calendar year, by August 1 for a policy issued from January 1 through June 30 of that year.

Collecting Agencies

Note

Automobile Theft Prevention Authority was formerly with the Texas Criminal Justice Division of the Governor's Office.

Previously deposited to the Automobile Theft Prevention Account, abolished August 31, 1995 per § 403.094, Government Code.

Amended by H.B. 2845, 74th Leg., R.S.

Amended by H.B. 1387, 75th Leg., R.S.

Moved from the Department of Transportation (601) to Department of Motor Vehicles by H.B. 3097, 81st Leg., R.S.

Fee increased from $1 to $2 and DPS authorized to administer a statewide program by H.B. 1541, 82nd Leg., R.S.

Fee increased from $2 to $4 and allocation to GR Account 5111 added by H.B. 2048, 86th Leg., R.S.

Name change and codified from TEX. REV. CIV. STAT. ANN. art. 4413(37) sec. 10 to Transportation Code sec. 1006.153 by S.B. 604, 86th Leg., R.S.

USAS Values

Appropriation Year 20
USAS Title INSURANCE COMPANY FEES
Receipt Category 04 – Insurance
Receipt Type 10 – Business/Professional Fees
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 01 – LICENSES, FEES, FINES, AND PENALTIES