| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
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. This Act takes effect September 1, 2013. |