Tex. Insurance Code § 251.003
EFFECT OF LATE ADVISEMENT OF RATE
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 251.003, EFFECT OF LATE ADVISEMENT OF RATE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677207
- Permanent ID
ys:prov:677207@1- SHA-256
ac34cdb5b1a72fd61d3e81f823cee427e1a2d8691a188ad1aa9831be76a14bc3
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Except as provided by Subsection (b), if the commissioner does not advise the comptroller of the applicable rate of assessment of a maintenance tax or workers' compensation surcharge by the date required by Section 251.002, the rate of assessment is the rate applied in the previous tax or surcharge period.
(b) If the commissioner advises the comptroller of the applicable rate of assessment of a maintenance tax or workers' compensation surcharge after the tax or surcharge has been assessed, the comptroller shall:
(1) advise each taxpayer or surcharge payer in writing of the amount of any additional taxes or surcharges due; or
(2) refund any excess taxes or surcharges paid.