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A BILL TO BE ENTITLED
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AN ACT
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relating to an annual assessment on insurers for the examination of |
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insurers; imposing an assessment. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 401.152, Insurance Code, is amended by |
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adding Subsection (a-1) to read as follows: |
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(a-1) The department shall also impose an annual assessment |
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on insurers not organized under the laws of this state subject to |
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examination as described by this section in an amount sufficient to |
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meet all other expenses and disbursements necessary to comply with |
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the laws of this state relating to the examination of insurers. The |
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amount imposed under this subsection must be computed in the same |
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manner as the amount imposed under Section 401.151(c) for domestic |
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insurers. |
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SECTION 2. This Act takes effect September 1, 2013. |