Tex. Insurance Code § 228.107
This is the official text of Tex. Insurance Code § 228.107, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 228.107. RENEWAL FEE; LATE FEE; EXCEPTION.
Official statutory 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).
(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).
Status: in_force · Read it on the official government site
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