(a) A surplus lines agent may not absorb the tax imposed by this chapter.
(b) A surplus lines agent may not rebate all or part of the tax or the agent's commission as an inducement for insurance or for any other reason.
TAX ABSORPTION AND REBATES PROHIBITED
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff
(a) A surplus lines agent may not absorb the tax imposed by this chapter.
(b) A surplus lines agent may not rebate all or part of the tax or the agent's commission as an inducement for insurance or for any other reason.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.