Tex. Insurance Code § 228.107
RENEWAL FEE; LATE FEE; EXCEPTION
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 228.107, RENEWAL FEE; LATE FEE; EXCEPTION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677155
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Full text
(a) Not later than January 31 of each year, each certified capital company shall pay a nonrefundable renewal fee of $5,000 to the comptroller.
(b) If a certified capital company fails to pay the renewal fee on or before the date specified by Subsection (a), the company must pay, in addition to the renewal fee, a late fee of $5,000 to continue the company's certification.
(c) Notwithstanding Subsection (a), a renewal fee is not required within six months of the date on which a certified capital company's initial certification is issued under Section 228.104(b).