Texas § 1502.053 EXEMPTION FROM CERTAIN TAXES.

Texas Statutes

§ 1502.053 — EXEMPTION FROM CERTAIN TAXES.

Texas § 1502.053

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 1502.053 (2026).

Text

Sec. 1502.053. EXEMPTION FROM CERTAIN TAXES.

(a)The issuer of a children's health benefit plan approved under Section 1502.051 is not subject to the premium tax or the tax on revenues imposed under Chapter 222 with respect to money received for coverage provided under that plan.

(b)The issuer of a children's health benefit plan approved under Section 1502.051 is not subject to the retaliatory tax imposed under Chapter 281 with respect to money received for coverage provided under that plan.

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Sec. 1502.053. EXEMPTION FROM CERTAIN TAXES. (a) The issuer of a children's health benefit plan approved under Section 1502.051 is not subject to the premium tax or the tax on revenues imposed under Chapter 222 with respect to money received for coverage provided under that plan.
(b) The issuer of a children's health benefit plan approved under Section 1502.051 is not subject to the retaliatory tax imposed under Chapter 281 with respect to money received for coverage provided under that plan.

Legislative History

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005. Amended by: Acts 2005, 79th Leg., Ch. 728 (H.B. 2018 ), Sec. 11.062(a), eff. September 1, 2005. Acts 2007, 80th Leg., R.S., Ch. 932 (H.B. 3315 ), Sec. 19, eff. June 15, 2007.