Tex. Ins. Code Section 271.009
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 the maintenance fee by the date required by Section 271.008 (Duty to Advise Comptroller of Rate), the rate of assessment is the rate imposed in the preceding period.

(b)

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

(1)

advise each insurer in writing of the amount of any additional fees due; or

(2)

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

Source: Section 271.009 — Effect of Late Advisement of Rate, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­271.­htm#271.­009 (accessed Apr. 20, 2024).

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Accessed:
Apr. 20, 2024

§ 271.009’s source at texas​.gov