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Tex. Finance Code § 154.3525

ASSESSMENT ON INSURANCE-FUNDED CONTRACTS

Texas · Texas Finance Code · Status: effective

Banking, Finance & InsuranceTaxation
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Tex. Finance Code § 154.3525, ASSESSMENT ON INSURANCE-FUNDED CONTRACTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/646275
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(a) The department shall assess and collect from a seller not more than $1 for each insurance-funded contract sold during each calendar year and shall deposit the assessments in the insurance-funded contract account within the fund. (b) The department shall stop assessing the amounts required by Subsection (a) when the amount in the insurance-funded contract account reaches $1 million.