This revenue object is inactive. Please see the notes section for further information regarding the inactive status. Recently inactivated objects may remain active in USAS for a period of time to complete outstanding transactions or for other accounting purposes.

Issue Date: 2009-09-01
Revised Date: 2019-09-01

Legal Citations

  • Occupations Code sec. 51.4011, sec. 51.407, sec. 51.408, sec. 953.053

Object Type

Cash — Business Regulation

Origin Date

2003 by S.B. 597, 78th Leg., R.S.

Description

A person may not operate as a company or sales representative of legal service contracts sold in this state for process unless registered with this department. A tiered fee schedule shall be developed of annual registration fees based on the number of legal service contracts sold during the preceding 12-month period set in amounts to cover administration. In addition, each company shall pay an annual fee equal to the difference between 1.7% of the amount a company collects for contracts sold in the current year and the amount the company paid in state franchise taxes during the same year.

New license status of inactive, temporary and emergency, fees set by the department.

Due Date

As set by the department

Note

For-profit prepaid legal services program moved from Department of Insurance to Department of Licensing and Regulation per S.B. 597, 78th Leg., R.S. under Insurance Code sec. 953.053. H.B. 3507, 78th Leg., R.S. repealed previous authorization under sec. 961.353. Previously collected under Revenue Object 3206 – Insurance Company Fees.

License status added by H.B. 2310, 81st Leg., R.S.

Repealed by S.B. 2065 and H.B. 2113, 85th Leg., R.S. effective 09/01/2019.

USAS Values

Appropriation Year 25
USAS Title PROFESSIONAL FEES
Receipt Category 03 – Business Regulation
Receipt Type 10 – Business/Professional Fees
Object Group 30 – Revenues
USAS Status A
Rev/Exp Category 01 – LICENSES, FEES, FINES, AND PENALTIES