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Tex. Insurance Code § 254.002

MAXIMUM RATE; ANNUAL ADJUSTMENT

Texas · Texas Insurance Code · Status: effective

Taxation
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Tex. Insurance Code § 254.002, MAXIMUM RATE; ANNUAL ADJUSTMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677222
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(a) The rate of assessment set by the commissioner may not exceed 0.2 percent of the gross premiums subject to taxation under Section 254.003. (b) The commissioner shall annually adjust the rate of assessment of the maintenance tax so that the tax imposed that year, together with any unexpended funds produced by the tax, produces the amount the commissioner determines is necessary to pay the expenses during the succeeding year of regulating motor vehicle insurance.