Tex. Ins. Code Section 2204.101


Except as provided by this section and Chapters 251 (General Provisions) and 261 (Texas Insurance Exchange), the exchange is not subject to state or local taxes that are measured by income, premiums, or gross receipts.


A direct premium written, procured, or received by a member through the exchange on a risk located in this state is:


considered written, procured, or received by the exchange; and


subject to the premium taxes imposed under Subtitle B, Title 3.


Premium taxes shall be reported, paid, and administered as provided by Subtitle B, Title 3.


The exchange and the members are considered insurers for purposes of:


Sections 201.052 (Reimbursement), 201.053 (Cooperation Between Department and Comptroller), and 201.054 (Information Sharing; Federal Identification Numbers);


Chapters 4, 202 (Fees), 203 (General Provisions Relating to Taxes), 221 (Property and Casualty Insurance Premium Tax), 222 (Life, Health, and Accident Insurance Premium Tax), 224 (Reciprocal and Interinsurance Exchange Premium Tax), 227 (Disposition of Proceeds of Certain Premium Taxes), 228 (Premium Tax Credit for Certain Investments), 251 (General Provisions), 257 (Life, Health, and Accident Insurance), and 1109 (Unclaimed Life Insurance and Annuity Contract Proceeds); and


Section 171.0525 (Exemption--certain Insurance Companies), Tax Code.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2H.007, eff. April 1, 2009.

Source: Section 2204.101 — Taxes, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2204.­htm#2204.­101 (accessed Jun. 5, 2024).

Jun. 5, 2024

§ 2204.101’s source at texas​.gov