Texas § 228.107 RENEWAL FEE; LATE FEE; EXCEPTION.

Texas Statutes

§ 228.107 — RENEWAL FEE; LATE FEE; EXCEPTION.

Texas § 228.107

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 228.107 (2026).

Text

Sec. 228.107. RENEWAL FEE; LATE FEE; EXCEPTION.

(a)Not later than January 31 of each year, each certified capital company shall pay a nonrefundable renewal fee of $5,000 to the comptroller.

(b)If a certified capital company fails to pay the renewal fee on or before the date specified by Subsection (a), the company must pay, in addition to the renewal fee, a late fee of $5,000 to continue the company's certification.

(c)Notwithstanding Subsection (a), a renewal fee is not required within six months of the date on which a certified capital company's initial certification is issued under Section 228.104 (b).

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Sec. 228.107. RENEWAL FEE; LATE FEE; EXCEPTION. (a) Not later than January 31 of each year, each certified capital company shall pay a nonrefundable renewal fee of $5,000 to the comptroller.
(b) If a certified capital company fails to pay the renewal fee on or before the date specified by Subsection (a), the company must pay, in addition to the renewal fee, a late fee of $5,000 to continue the company's certification.
(c) Notwithstanding Subsection (a), a renewal fee is not required within six months of the date on which a certified capital company's initial certification is issued under Section 228.104 (b).