| Issue Date: | 2001-09-01 |
|---|---|
| Revised Date: | 2009-04-01 |
Legal Cites
- Insurance Code sec. 228.101, sec. 228.107
Object Type
Cash — Insurance
Origin Date
2001 by S.B. 601, 77th Reg., R.S.
Description
In order to qualify as a certified capital company, an applicant must file an application and pay a non-refundable application fee of $7,500. Not later than January 31 of each year, each company shall pay a non-refundable renewal fee of $5,000. If the company fails to pay the renewal fee on or before that date, it must pay a late fee of $5,000 in addition to the renewal fee.
Due Date
At time of application. Annual renewal.
Collecting Agencies
Deposit Funds
Note
Codified by H.B. 2636, 80th Leg., R.S.
USAS Values
| Appropriation Year | 24 |
|---|---|
| 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 |