| Issue Date: | 2013-05-09 |
|---|---|
| Revised Date: | 2013-05-09 |
Legal Citations
- Insurance Code ch. 463
Object Type
Cash — Insurance
Origin Date
H.B. 2017, 79th Leg., R.S., 2005.
Description
Chapter 463
Insurance companies may receive a tax credit for assessments paid to the Life and Health Insurance Guaranty Associations. Life and Health Insurance Guaranty Associations must return excess assessments collected from insurance companies if the association's assets are more than what is required to carry out the association's obligations. If a portion of the return assessments were written off as part of the tax credit, then the association will send that amount to the Comptroller rather than returning to the insurance company.
Due Date
Collecting Agencies
Deposit Funds
Note
USAS Values
| Appropriation Year | 25 |
|---|---|
| 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 |