Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 1 - GENERAL ADMINISTRATION
Subchapter C - ASSESSMENT OF MAINTENANCE TAXES AND FEES
Section 1.414 - Assessment of Maintenance Taxes and Fees
Current through Reg. 50, No. 13; March 28, 2025
(a) Each calendar year by Commissioner order the department will assess rates for maintenance taxes and fees on the gross premiums of insurers for the following lines of insurance:
(b) Each calendar year by Commissioner order the department will assess the rate for the maintenance tax to be assessed on gross premiums of insurers for life, health, and accident insurance and the gross considerations for annuity and endowment contracts, under Insurance Code § 257.002.
(c) Each calendar year by Commissioner order the department will assess rates for maintenance taxes for the following entities:
(d) Each calendar year by Commissioner order the department will assess a rate for maintenance tax under Labor Code § 405.003 for each certified self-insurer, to fund the Workers' Compensation Research and Evaluation Group. The rate will be calculated under Labor Code § 407.103(b), and it will be billed to the certified self-insurer by the Division of Workers' Compensation.
(e) Each calendar year by Commissioner order the department will assess a rate for maintenance tax under Labor Code § 405.003 and § 407A.301 for each workers' compensation self-insurance group, to fund the Workers' Compensation Research and Evaluation Group. The rate will be calculated under Labor Code § 407.103(b).
(f) Each calendar year by Commissioner order the department will assess a rate for self-insurer maintenance tax under Labor Code § 407.103 and § 407.104 for each certified self-insurer. The rate will be calculated under Labor Code § 407.103(b), and it will be billed to the certified self-insurer by the Division of Workers' Compensation.
(g) The maintenance tax revenue need is calculated as the amount of revenue needed to reach the targeted year-end fund balance, taking into account the beginning balance, expected non-maintenance tax revenues, and estimated expenditures. For each line of insurance:
(h) The taxes and fees assessed by the Commissioner order issued under subsections (a), (b), (c), and (e) of this section will be payable and due to the Comptroller of Public Accounts on March 1 each year.