State of Texas – Fiscal Management

Manual of Accounts

PreviousNext

Revenue Object 3206 – Insurance Company Fees – Certified Capital Companies

 

Legal Citations:
Revenue Type: Cash — Insurance
Origin Date: 2001 by S.B. 601, 77th Reg., R.S.
Issue Date: 2001-09-01
Revised Date: 2009-04-01

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.



Notes


Codified by H.B. 2636, 80th Leg., R.S.



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



Accessibility Policy