Tex. Ins. Code Section 501.204
Assessment on Life, Health, and Accident Insurers and Related Entities


(a)

This section applies to each insurer authorized to engage in business in this state under:

(1)

Chapter 841 (Life, Health, or Accident Insurance Companies);

(2)

Chapter 842 (Group Hospital Service Corporations);

(3)

Section 1367.053 (Coverage Required), Subchapter A (Applicability of Certain Definitions), Chapter 1452 (Physician and Provider Credentials), Subchapter B, Chapter 1507 (Consumer Choice of Benefits Plans), Chapter 222 (Life, Health, and Accident Insurance Premium Tax), 251 (General Provisions), or 258 (Health Maintenance Organizations), as applicable to a health maintenance organization, Chapter 843 (Health Maintenance Organizations), Chapter 1271 (Benefits Provided by Health Maintenance Organizations; Evidence of Coverage; Charges), or Chapter 1272 (Delegation of Certain Functions by Health Maintenance Organization);

(4)

Chapter 882 (Mutual Life Insurance Companies);

(5)

Chapter 884 (Stipulated Premium Insurance Companies);

(6)

Chapter 885 (Fraternal Benefit Societies);

(7)

Chapter 887 (Provisions Applicable to Certain Mutual Assessment Companies);

(8)

Chapter 888 (Burial Associations);

(9)

Chapter 962 (Job Protection Insurance);

(10)

Chapter 982 (Foreign and Alien Insurance Companies);

(11)

Subchapter B (Applicability of Subchapter), Chapter 1103 (Life Insurance Policy Beneficiaries);

(12)

Subchapter A (Applicability of Subchapter), Chapter 1104 (Life Insurance and Annuity Contracts Issued to Certain Persons);

(13)

Chapter 1201 (Accident and Health Insurance), or a provision listed in Section 1201.005 (References to Chapter);

(14)

Chapter 1551 (Texas Employees Group Benefits Act);

(15)

Chapter 1578 (Purchase of Insurance by Association of Teachers and School Administrators); or

(16)

Chapter 1601 (Uniform Insurance Benefits Act for Employees of the University of Texas System and the Texas A&m University System).

(b)

Each insurer subject to this section shall pay an annual assessment of 5.7 cents for each individual policy, and for each certificate of insurance evidencing coverage under a group policy, of life, health, or accident insurance that is written for delivery and placed in force in this state during each calendar year and for which the initial premium is paid in full.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2D.002, eff. April 1, 2009.
Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 1, eff. September 1, 2019.

Source: Section 501.204 — Assessment on Life, Health, and Accident Insurers and Related Entities, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­501.­htm#501.­204 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 501.204’s source at texas​.gov