By:  Keffer of Dallas                                             H.B. No. 3270



A BILL TO BE ENTITLED

AN ACT

relating to taxable premium receipts.                                         
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 221.002(c), Insurance Code, is amended 
to read as follows:
	(c)  The following premium receipts are not included in 
determining an insurer's taxable premium receipts:
		(1)  premium receipts received from the business of 
title insurance;        
		(2)  premium receipts received from the business of 
life insurance, personal accident insurance, life and accident 
insurance, or health and accident insurance for profit, written by 
a life insurance company, life and accident insurance company, 
health and accident insurance company, or for mutual benefit or 
protection in this state;
		(3)  premium receipts received from another authorized 
insurer for reinsurance;
		(4)  returned premiums and dividends paid to 
policyholders; [and]
		(5)  premiums excluded by another law of this state; 
and             
		(6)  uncollectible premium balances that are charged 
off for regulatory reporting purposes.
	SECTION 2.  This Act takes effect September 1, 2005.