State of Texas – Fiscal Management

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Revenue Object 3210 – Insurance Agents Licenses – Surplus Lines
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Legal Citations:
Revenue Type: Cash — Insurance
Origin Date: 1949 by the 51st Leg.
Issue Date:
Revised Date: 2018-09-14

Description


A surplus lines license grants an authorized agent the authority to procure certain kinds of insurance from companies not licensed in Texas. Fees are set by the department.

Commissioner may assess the following fees after the filing deadline:

  • $50 each late-filed policy if no more than 5% filed in preceding year.
  • $100 each late-filed policy if more than 5% filed in preceding year.
  • $200 if issued after 180th day but before 365th day who filed no more than 2% in preceding year.


Due Date


Surplus lines agent license expires 2 years from date of issue. Department may adopt staggered renewal system.



Notes


Deposit changed from the Local Recording Agents & Solicitors License Fund (No. 0124) by S.B. 928, 68th Leg., R.S.

Amended by S.B. 1063, 69th Leg., R.S.

Amended by S.B. 526, 70th Leg., R.S.

Amended by H.B. 2, 72nd Leg., R.S.

Amended by S.B. 414, 77th Leg., R.S.

Late fees added by S.B. 1806, 82nd Leg., R.S.



USAS Values


Appropriation Year 26
USAS Title INSURANCE AGENTS LICENSES
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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