Tex. Ins. Code Section 982.114
Payment of Tax by Foreign or Alien Life Insurance Company

(a)

A foreign or alien life insurance company that obtains a certificate of authority under this subchapter on or after April 2, 1909, accepts that certificate and agrees to engage in the business of insurance in this state subject to a requirement that, if the company ceases to transact new insurance business in this state but continues to collect renewal premiums from residents of this state, the company shall continue to pay an occupation tax based on gross premiums for each year from residents of this state.

(b)

The rate of the tax imposed by this section may not exceed the rate imposed by law on insurance companies transacting new insurance business in this state.

(c)

The foreign or alien life insurance company shall pay the tax and make reports relating to its gross premium receipts in the same manner as a foreign or alien life insurance company that is transacting new insurance business in this state.

(d)

The foreign or alien life insurance company is subject to examination by the department or by a department designee in the same manner and to the same extent as a company that is transacting new insurance business in this state.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 19, eff. April 1, 2005.

Source: Section 982.114 — Payment of Tax by Foreign or Alien Life Insurance Company, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­982.­htm#982.­114 (accessed Jun. 5, 2024).

982.001
Definitions 982.002
Applicability of Chapter 982.003
Life Insurance Companies Wanting to Loan Money 982.004
Financial Statements of Foreign or Alien Insurance Companies 982.051
Certificate of Authority Required for Life, Health, or Accident Companies 982.052
Certificate of Authority Required for Other Companies 982.101
Filing of Financial Statement by Life, Health, or Accident Insurance Company 982.102
Filing of Financial Statement by Other Insurance Company 982.103
Filing of Financial Statement by Alien Insurance Company 982.104
Filing of Articles of Incorporation 982.105
Capital Stock and Surplus Requirements for Life, Health, or Accident Insurance Companies 982.106
Capital Stock and Surplus Requirements for Other Insurance Companies 982.107
Applicability of Other Law 982.108
Deposit Requirements for Alien Insurance Company 982.109
Duration of Deposit by Life, Health, or Accident Insurance Companies 982.110
Duration of Deposit for Other Insurance Companies 982.111
Exception to Deposit Requirement: Trusteed Assets 982.112
Exception to Deposit Requirement: Deposit with Officer in Another State 982.113
Issuance of Certificate of Authority to Life, Health, or Accident Insurance Company 982.114
Payment of Tax by Foreign or Alien Life Insurance Company 982.201
Deed of Trust: General Provisions 982.202
Deed of Trust: Approval by Commissioner 982.203
Location of Trusteed Assets 982.204
Withdrawal of Trusteed Assets 982.251
Trusteed Surplus of Alien Insurance Company 982.252
Form and Contents of Financial Statement of Alien Insurance Company 982.253
Impairment of Trusteed Surplus 982.254
Failure to Eliminate Impairment of Trusteed Surplus 982.255
Examination of Alien Insurance Company 982.301
Applicability of Subchapter 982.302
Reinsurance Not Prohibited 982.303
Texas Law Accepted 982.304
Same or Deceptively Similar Name 982.305
Limitation on Actions in Other State Courts
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 982.114’s source at texas​.gov