Tex. Ins. Code Section 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 by the date required by Section 251.002 (Duty to Advise Comptroller of Rate), the rate of assessment is the rate applied in the previous tax period.

(b)

If the commissioner advises the comptroller of the applicable rate of assessment of a maintenance tax after the tax has been assessed, the comptroller shall:

(1)

advise each taxpayer in writing of the amount of any additional taxes due; or

(2)

refund any excess taxes paid.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.

Source: Section 251.003 — Effect of Late Advisement of Rate, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­251.­htm#251.­003 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 251.003’s source at texas​.gov