Texas Insurance Code 501.203 – Assessment On Property and Casualty Insurers
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 501.203
- Property: means real and personal property. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005
Each property and casualty insurer authorized to engage in business in this state shall pay an annual assessment of 5.7 cents for each property and casualty insurance policy in force in this state at the end of the year.