Amend SB 1811 on third reading in ARTICLE 2 of the bill, by striking SECTION 2.02 of the bill (repealing Sections 221.006, 222.007, 223.009, 401.151(e), and 401.154, Insurance Code), substituting the following SECTIONS, appropriately numbered, and renumbering SECTIONS of ARTICLE 2 of the bill accordingly:
SECTION ___ ___. Section 221.006, Insurance Code, is amended by adding Subsection (c) to read as follows:
(c) An insurer is not entitled to a credit under Subsection (a) for an examination or evaluation fee paid in calendar year 2012 or 2013. This subsection expires January 1, 2014.
SECTION _.__. Section 222.007, Insurance Code, is amended by adding Subsection (c) to read as follows:
(c) An insurer or health maintenance organization is not entitled to a credit under Subsection (a) for an examination or evaluation fee paid in calendar year 2012 or 2013. This subsection expires January 1, 2014.
SECTION ___ ___. Section 223.009, Insurance Code, is amended by adding Subsection (c) to read as follows:
(c) A title insurance company is not entitled to a credit under Subsection (a) for an examination or evaluation fee paid in calendar year 2012 or 2013. This subsection expires January 1, 2014.
SECTION ___ ___. Section 401.151, Insurance Code, is amended by adding Subsection (f) to read as follows:
(f) An insurer is not entitled to a credit under Subsection (e) for an examination or evaluation fee paid in calendar year 2012 or 2013. This subsection expires January 1, 2014.
SECTION ___ ___. Section 401.154, Insurance Code, is amended to read as follows:
Sec. 401.154. TAX CREDIT AUTHORIZED. (a) An insurer is entitled to a credit on the amount of premium taxes to be paid by the insurer for all examination fees paid under Section 401.153. The insurer may take the credit for the taxable year during which the examination fees are paid and may take the credit to the same extent the insurer may take a credit for examination fees paid when a salaried department examiner conducts the examination.
(b) An insurer is not entitled to a credit under Subsection (a) for an examination fee paid in calendar year 2012 or 2013. This subsection expires January 1, 2014.