|
|
|
|
AN ACT
|
|
relating to an annual assessment on insurers for the examination of |
|
insurers; imposing an assessment. |
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
SECTION 1. Section 401.152, Insurance Code, is amended by |
|
adding Subsection (a-1) to read as follows: |
|
(a-1) The department shall also impose an annual assessment |
|
on insurers not organized under the laws of this state subject to |
|
examination as described by this section in an amount sufficient to |
|
meet all other expenses and disbursements necessary to comply with |
|
the laws of this state relating to the examination of insurers. The |
|
amount imposed under this subsection must be computed in the same |
|
manner as the amount imposed under Section 401.151(c) for domestic |
|
insurers. |
|
SECTION 2. Section 401.156, Insurance Code, is amended by |
|
amending Subsections (a) and (d) and adding Subsection (a-1) to |
|
read as follows: |
|
(a) The department shall deposit any assessments or fees |
|
collected under this subchapter relating to the examination of |
|
insurers and other regulated entities by the financial examinations |
|
division or actuarial division, as those terms are defined by |
|
Section 401.251, to the credit of an account with the Texas Treasury |
|
Safekeeping Trust Company to be used exclusively to pay examination |
|
costs, as defined by Section 401.251, to reimburse administrative |
|
support costs for the Texas Department of Insurance operating |
|
account, and to reimburse premium tax credits for examination costs |
|
and examination overhead assessments. |
|
(a-1) Money deposited under Subsection (a) [this
|
|
subsection] accumulates and may be disbursed to the department in a |
|
manner consistent with Subchapter F. |
|
(d) The department may transfer funds between the account |
|
described by Subsection (a) and the Texas Department of Insurance |
|
operating account as necessary to ensure that funds are deposited |
|
to the correct account and used for the correct purposes. This |
|
subsection does not authorize a disbursement or transfer of funds |
|
in a manner that is inconsistent with the purposes [purpose] of |
|
Subchapter F and this section. |
|
SECTION 3. This Act takes effect September 1, 2013. |
|
|
|
______________________________ |
______________________________ |
|
President of the Senate |
Speaker of the House |
|
|
|
I certify that H.B. No. 2163 was passed by the House on May |
|
10, 2013, by the following vote: Yeas 107, Nays 29, 3 present, not |
|
voting. |
|
|
|
______________________________ |
|
Chief Clerk of the House |
|
|
|
I certify that H.B. No. 2163 was passed by the Senate on May |
|
22, 2013, by the following vote: Yeas 28, Nays 3. |
|
|
|
______________________________ |
|
Secretary of the Senate |
|
APPROVED: _____________________ |
|
Date |
|
|
|
_____________________ |
|
Governor |