(a) An insurer shall pay maintenance taxes under this chapter on the correctly reported:
- (1) gross premiums collected from writing life, health, and accident insurance in this state, except as provided in Subsection (b); and
- (2) gross considerations collected from writing annuity or endowment contracts in this state.
(b) The gross premiums on which an assessment is based under this chapter may not include premiums received from this state or the United States for insurance contracted for by this state or the United States:
- (1) in accordance with or in furtherance of Title 2, Human Resources Code, or the Social Security Act (42 U.S.C. Section 301 et seq.); or
- (2) to provide welfare benefits to designated welfare recipients.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.