State of Texas – Fiscal Management

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Revenue Object 3206 – Insurance Company Fees – Risk Retention and Purchasing Groups

 

Legal Citations:
Revenue Type: Cash — Insurance
Origin Date: 1987 by S.B. 1148, 70th Leg., R.S.
Issue Date: 1987-09-01
Revised Date: 2017-11-29

Description


In addition to all other fees imposed on an insurance company chartered and licensed pursuant to Chapters 2 and 8 of this code, the risk retention group shall pay a filing fee not to exceed $1,000 for expenses incurred by the Board in connection with Subsections (b), (d) and (e) of this section. Risk retention groups chartered and licensed in another state, Bermuda or the Cayman Islands seeking to do business in this state shall pay a filing fee not to exceed $500 for filing the items under Subdivisions 1 and 2. A filing fee not to exceed $100 shall be imposed for the filing of notice by a purchasing group that intends to do business in this state. A fee not to exceed $50 may be imposed for each document served on the Commissioner and forwarded to the purchasing group.



Due Date


At time of filing.



Notes


Recodified by H.B. 2017, 79th 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



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