Texas § 271.005 MAXIMUM RATE; ANNUAL ADJUSTMENT.

Texas Statutes

§ 271.005 — MAXIMUM RATE; ANNUAL ADJUSTMENT.

Texas § 271.005

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 271.005 (2026).

Text

Sec. 271.005. MAXIMUM RATE; ANNUAL ADJUSTMENT.

(a)The rate of assessment set by the commissioner may not exceed one percent of the gross premiums subject to assessment under Section 271.006 .

(b)The commissioner shall annually adjust the rate of assessment of the maintenance fee so that the fee imposed that year, together with any unexpended funds produced by the fee, produces the amount the commissioner determines is necessary to pay the expenses during the succeeding year of regulating title insurance.

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Sec. 271.005. MAXIMUM RATE; ANNUAL ADJUSTMENT. (a) The rate of assessment set by the commissioner may not exceed one percent of the gross premiums subject to assessment under Section 271.006 .
(b) The commissioner shall annually adjust the rate of assessment of the maintenance fee so that the fee imposed that year, together with any unexpended funds produced by the fee, produces the amount the commissioner determines is necessary to pay the expenses during the succeeding year of regulating title insurance.