Texas Insurance Code 228.258 – Impact of Premium Tax Credit On Insurance Ratemaking
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Terms Used In Texas Insurance Code 228.258
- Contract: A legal written agreement that becomes binding when signed.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
A certified investor is not required to reduce the amount of premium tax included by the investor in connection with ratemaking for an insurance contract written in this state because of a reduction in the investor’s Texas premium tax derived from premium tax credits granted under this chapter.