Texas Statutes
§ 257.002 — MAXIMUM RATE; ANNUAL ADJUSTMENT.
Texas § 257.002
JurisdictionTexas
Code INInsurance Code
This text of Texas § 257.002 (MAXIMUM RATE; ANNUAL ADJUSTMENT.) 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. § 257.002 (2026).
Text
Sec. 257.002. MAXIMUM RATE; ANNUAL ADJUSTMENT.
(a)The rate of assessment set by the commissioner may not exceed 0.04 percent of the gross premiums and gross considerations subject to taxation under Section 257.003 .
(b)The commissioner shall annually adjust the rate of assessment of the maintenance tax so that the tax imposed that year, together with any unexpended funds produced by the tax, produces the amount the commissioner determines is necessary to pay the expenses during the succeeding year of regulating life, health, and accident insurers.
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Legislative History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Nearby Sections
4
§ 257.001
MAINTENANCE TAX IMPOSED.§ 257.002
MAXIMUM RATE; ANNUAL ADJUSTMENT.§ 257.004
MAINTENANCE TAX DUE DATES.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 257.002, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/257.002.