Texas § 2201.155 PAYMENT OF TAXES.

Texas Statutes

§ 2201.155 — PAYMENT OF TAXES.

Texas § 2201.155

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 2201.155 (2026).

Text

Sec. 2201.155. PAYMENT OF TAXES.

(a)A risk retention group not chartered in this state is liable for the payment of premium and maintenance taxes and taxes on premiums of direct business for risks located in this state and shall report to the commissioner the net premiums written for risks located in this state. The group is subject to taxation, and any fine or penalty related to that taxation, on the same basis as a foreign admitted insurer in accordance with Chapters 4, 201 , 202 , 203 , 221 , 222 , 224 , 227 , 228 , and 251-257.

(b)A risk retention group shall provide to the comptroller all information the comptroller requests in connection with the reporting, collection, enforcement, and administration of taxes under this section.

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Sec. 2201.155. PAYMENT OF TAXES. (a) A risk retention group not chartered in this state is liable for the payment of premium and maintenance taxes and taxes on premiums of direct business for risks located in this state and shall report to the commissioner the net premiums written for risks located in this state. The group is subject to taxation, and any fine or penalty related to that taxation, on the same basis as a foreign admitted insurer in accordance with Chapters 4, 201 , 202 , 203 , 221 , 222 , 224 , 227 , 228 , and 251-257.
(b) A risk retention group shall provide to the comptroller all information the comptroller requests in connection with the reporting, collection, enforcement, and administration of taxes under this section.

Legislative History

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007. Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 2H.006, eff. April 1, 2009.