Texas Insurance Code 222.007 – Credit for Fees Paid
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(a) Except as otherwise provided by this subsection, an insurer or health maintenance organization is entitled to a credit on the amount of tax due under this chapter for all examination and evaluation fees paid to this state during the calendar year for which the tax is due. An insurer is not entitled to a credit on the amount of tax due under this chapter for fees paid for valuing life insurance policies. The limitations provided by Sections 803.007(1) and (2)(B) for a domestic insurance company apply to a foreign insurance company.
(b) The credit provided by this section is in addition to any other credit authorized by statute.
Terms Used In Texas Insurance Code 222.007
- Statute: A law passed by a legislature.
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) Expired.