State of Texas – Fiscal Management

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Revenue Object 3206 – Insurance Company Fees – Captive Insurance Companies

 

Legal Citations:
Revenue Type: Cash — Insurance
Origin Date: S.B. 734, 83rd Leg., R.S., 2013
Issue Date: 2013-06-14
Revised Date:

Description


For a certificate of authority a captive insurance must pay an application fee of $1,500 or greater as set by the insurance commissioner. Fees used to recover administration costs. For applications filed before 12/30/2018, the application fee cannot exceed $1,500.



Due Date


As determined by the commissioner



Notes


Added by S.B. 734, 83rd Leg., R.S. Fee not exempted in funds consolidation bill, H.B. 6, 83rd Leg., R.S., deposited to General Revenue (0001).



USAS Values


Appropriation Year 26
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



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