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Texas Insurance Code - INS § 888.052. Payment of Annual Assessment

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Each burial association shall pay the annual assessment imposed by Section 888.051 to the department between January 1 and March 1 at the same time the association files its annual statement with the department.

(b) Annual assessments collected under this section shall be deposited to the credit of the Texas Department of Insurance operating account.  Sections 201.001 and 201.002 apply to the assessments.

(c) All assessments paid to the department under this section are for the use and benefit of the department to:

(1) obtain advice, information, and knowledge relating to adequate and reasonable rates for burial associations in this state;

(2) compile records for purposes of Subdivision (1);  and

(3) implement Sections 888.051, 888.052, 888.102(b), 888.151, 888.152, 888.153, 888.154, 888.155, 888.156, 888.157, 888.202, 888.203, and 888.204.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 888.052. Payment of Annual Assessment - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-888-052/

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