Issue Date: | 1991-09-01 |
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Revised Date: | 2019-09-01 |
Legal Cites
- Transportation Code sec. 1006.153
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
- 902 – Comptroller - State Fiscal
Used to offset appropriations made to the Motor Vehicle Crime Prevention Authority, with the Department of Motor Vehicles (608).
Deposit Funds
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 |
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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 |