Issue Date: | 1991-09-01 |
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Revised Date: | 2023-06-07 |
Legal Citations
- 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 $5 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 undedicated GR Fund 0001.
Penalty imposed on insurer for delinquent fee payment of 5% and an additional 5% if over 30 days. Sixty percent of each penalty is deposited to GR Account 5111, 20% dedicated to the Motor Vehicle Crime Prevention Authority (368) and 20% to undedicated 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. 50% fee allocation to the Authority not exempted by the funds consolidation bill, S.B. 1588.
Fee increased from $2 to $4 and 60% allocation to GR Account 5111 added by H.B. 2048, 86th Leg., R.S. Dedication to GR Account 5111 exempted by H.B. 3317, 86th Leg., R.S. Other dedications of the fee to the Authority and for criminal justice purposes were not exempted.
Name change and codified from Vernon's Civil Statutes art. 4413(37) sec.10 to Transportation Code sec. 1006.153 by S.B. 604, 86th Leg., R.S.
Penalty added by H.B. 3514, 87th Leg., R.S. Penalty revenue dedications to GR Account 5111 (Transp. Code 1006.153(e)(3)) and the Motor Vehicle Crime Prevention Authority (1006.153(e)(1)) were exempted by the funds consolidation bill, H.B. 2896, 87th Leg., R.S. The penalty dedication for criminal justice purposes (1006.153(e)(2)) was not exempted.
S.B. 224, 88th Leg., R.S. increased fee from $4 to $5. Dedication of $1 by S.B. 224 to catalytic converter theft program not exempted by the funds consolidation bill, H.B. 3461.
USAS Values
Appropriation Year | 25 |
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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 |