HB 2636        Effective April 1, 2009

Makes nonsubstantive revisions to the Insurance Code to correct cross references in statutes, due to rewriting of the code. Includes amending numerous statutory references in Sections 101 and 981.

HB 3315        Effective June 15, 2007

Provides that for surplus lines, independently procured (IP), and unauthorized insurance premium taxes the Comptroller may by rule establish that all premiums are considered to be on risks located in Texas, if the insured’s home office or state of domicile or residence is located in the state, or to accommodate changes in federal statutes or regulations that would otherwise limit the Comptroller’s ability to directly collect taxes due to Texas. Authorizes the Comptroller by rule to change the accrued amount for which prepayment of surplus lines taxes is required and also to change the prepayment deadline. Authorizes the Comptroller to enter into a cooperative agreement, reciprocal agreement, or compact with other states for the collection of surplus lines, IP, and unauthorized insurance taxes on a multi-state basis and to enter into such agreements with state stamping offices or other processing entities for the capturing and reporting of tax data.

SB 377       Effective June 15, 2007

Directs that the Comptroller by rule shall require a taxpayer who paid $10,000 or more during the preceding fiscal year in various categories of taxes to pay taxes by means of electronic funds transfer. The requirement includes insurance premium taxes. The Comptroller must provide a waiver from this requirement due to hardship, impracticality, or other reason. The Comptroller may specify the types of electronic funds transfers that must be used and may also require the use of different types of transfers for different payment amounts.

Also, the Comptroller may by rule require a taxpayer who paid $50,000 or more during the preceding fiscal year to file tax reports electronically. (This provision becomes effective September 1, 2008.)

SCR 60

Resolution urging Congress to maintain the states as the sole regulators of the business of insurance and to oppose the establishment of a federal insurance regulatory system.