78th Texas Legislature, Regular Session, House Bill 2424, Chapter 209 Page: 3 of 70
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H.B. No. 2424
1 organization or concern receiving gross premiums from the business
2 of fire, marine, marine inland, accident, credit, livestock,
3 fidelity, guaranty, surety, casualty, workers' compensation,
4 employers' liability, or any other kind or character of insurance,
5 except title insurance and except as provided in Sections 2, 3, and
6 4 of this article, shall pay to the comptroller a tax upon such
7 gross premium receipts as provided in this article. Any such
8 insurance carrier doing other kinds of insurance business shall pay
9 the tax levied upon its gross premiums received from such other
10 kinds of business as provided in Articles 4.03 and 4.11 of this
11 code.
12 SECTION 4. Section 13, Article 4.10, Insurance Code, is
13 amended to read as follows:
14 Sec. 13. EXAMINATION AND EVALUATION FEE CREDITS. The
15 amount of all examination and evaluation fees paid in each taxable
16 year to [or f-or the -zz of] the State of Texas by an insurance
17 carrier shall be allowed as a credit on the amount of premium taxes
18 due under this article [exept - -paovid b Arc;l 1.2 ofJ f thin
19 eee]. The limitations provided by Sections 803.007(1) and (2) (B)
20 of this code for domestic insurance companies apply to foreign
21 insurance companies. Any credit allowed by the provisions of this
22 section is in addition to any other credits allowable by statute.
23 SECTION 5. Section 8, Article 4.11, Insurance Code, is
24 amended to read as follows:
25 Sec. 8. EXAMINATION AND EVALUATION [VLUA-TIN] FEES ALLOWED
26 AS CREDITS. The amount of all examination and evaluation
27 ['aluatien] fees paid in [44i--ng] each taxable [t-a] year to [r-fe-3
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Texas. Legislature. House of Representatives. 78th Texas Legislature, Regular Session, House Bill 2424, Chapter 209, legislative document, June 2003; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth158452/m1/3/: accessed April 28, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.