Texas Statutes
§ 251.003 — EFFECT OF LATE ADVISEMENT OF RATE.
Texas § 251.003
JurisdictionTexas
Code INInsurance Code
This text of Texas § 251.003 (EFFECT OF LATE ADVISEMENT OF RATE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Insurance Code Code Ann. § 251.003 (2026).
Text
Sec. 251.003. EFFECT OF LATE ADVISEMENT OF RATE.
(a)Except as provided by Subsection (b), if the commissioner does not advise the comptroller of the applicable rate of assessment of a maintenance tax or workers' compensation surcharge by the date required by Section 251.002 , the rate of assessment is the rate applied in the previous tax or surcharge period.
(b)If the commissioner advises the comptroller of the applicable rate of assessment of a maintenance tax or workers' compensation surcharge after the tax or surcharge has been assessed, the comptroller shall:
(1)advise each taxpayer or surcharge payer in writing of the amount of any additional taxes or surcharges due; or
(2)refund any excess taxes or surcharges paid.
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Legislative History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Amended by:
Acts 2025, 89th Leg., R.S., Ch. 358 (S.B. 1455 ), Sec. 7, eff. January 1, 2026.
Nearby Sections
4
§ 251.001
DETERMINING RATE OF ASSESSMENT.§ 251.002
DUTY TO ADVISE COMPTROLLER OF RATE.§ 251.003
EFFECT OF LATE ADVISEMENT OF RATE.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 251.003, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/251.003.