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Tex. Ins. Code § 225.011

CANCELED OR REWRITTEN INSURANCE CONTRACT

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff

If a surplus lines insurance contract is canceled and rewritten, the additional premium for purposes of the tax imposed by this chapter is the premium amount that exceeds the unearned premium of the canceled contract.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.