Texas § 259.003 MAXIMUM RATE; ANNUAL ADJUSTMENT.

Texas Statutes

§ 259.003 — MAXIMUM RATE; ANNUAL ADJUSTMENT.

Texas § 259.003

Code INInsurance Code

This text of Texas § 259.003 (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. § 259.003 (2026).

Text

Sec. 259.003. MAXIMUM RATE; ANNUAL ADJUSTMENT.

(a)The rate of assessment set by the commissioner may not exceed one percent of the administrative or service fees subject to taxation under Section 259.004 .

(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 of regulating administrators.

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Sec. 259.003. MAXIMUM RATE; ANNUAL ADJUSTMENT. (a) The rate of assessment set by the commissioner may not exceed one percent of the administrative or service fees subject to taxation under Section 259.004 .
(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 of regulating administrators.