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AN ACT
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relating to an annual assessment on insurers for the examination of |
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insurers; imposing an assessment. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 401.152, Insurance Code, is amended by |
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adding Subsection (a-1) to read as follows: |
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(a-1) The department shall also impose an annual assessment |
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on insurers not organized under the laws of this state subject to |
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examination as described by this section in an amount sufficient to |
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meet all other expenses and disbursements necessary to comply with |
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the laws of this state relating to the examination of insurers. The |
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amount imposed under this subsection must be computed in the same |
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manner as the amount imposed under Section 401.151(c) for domestic |
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insurers. |
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SECTION 2. Section 401.156, Insurance Code, is amended by |
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amending Subsections (a) and (d) and adding Subsection (a-1) to |
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read as follows: |
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(a) The department shall deposit any assessments or fees |
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collected under this subchapter relating to the examination of |
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insurers and other regulated entities by the financial examinations |
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division or actuarial division, as those terms are defined by |
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Section 401.251, to the credit of an account with the Texas Treasury |
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Safekeeping Trust Company to be used exclusively to pay examination |
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costs, as defined by Section 401.251, to reimburse administrative |
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support costs for the Texas Department of Insurance operating |
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account, and to reimburse premium tax credits for examination costs |
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and examination overhead assessments. |
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(a-1) Money deposited under Subsection (a) [this
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subsection] accumulates and may be disbursed to the department in a |
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manner consistent with Subchapter F. |
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(d) The department may transfer funds between the account |
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described by Subsection (a) and the Texas Department of Insurance |
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operating account as necessary to ensure that funds are deposited |
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to the correct account and used for the correct purposes. This |
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subsection does not authorize a disbursement or transfer of funds |
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in a manner that is inconsistent with the purposes [purpose] of |
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Subchapter F and this section. |
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SECTION 3. This Act takes effect September 1, 2013. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I certify that H.B. No. 2163 was passed by the House on May |
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10, 2013, by the following vote: Yeas 107, Nays 29, 3 present, not |
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voting. |
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______________________________ |
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Chief Clerk of the House |
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I certify that H.B. No. 2163 was passed by the Senate on May |
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22, 2013, by the following vote: Yeas 28, Nays 3. |
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______________________________ |
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Secretary of the Senate |
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APPROVED: _____________________ |
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Date |
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_____________________ |
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Governor |