No later than April 1 of each year, every insurance premium finance company holding a license issued by the department under Insurance Code Chapter 651 must pay an assessment to cover the general administrative expenses attributable to the regulation of insurance premium finance companies. An insurance premium finance company must send payment to the Texas Department of Insurance at the address provided on the invoice. The assessment to cover general administrative expenses is $250.

Source Note: The provisions of this §25.88 adopted to be effective May 17, 1995, 20 TexReg 3337; amended to be effective January 1, 1996, 20 TexReg 10786; amended to be effective January 13, 1997, 22 TexReg 115; amended to be effective February 9, 1998, 23 TexReg 1098; amended to be effective January 27, 1999, 24 TexReg 399; amended to be effective January 3, 2000, 24 TexReg 12069; amended to be effective January 10, 2001, 26 TexReg 204; amended to be effective January 7, 2002, 27 TexReg 185; amended to be effective January 8, 2003, 28 TexReg 81; amended to be effective January 20, 2004, 29 TexReg 459; amended to be effective January 11, 2005, 30TexReg 22; amended to be effective February 2, 2006, 31 TexReg 704; amended to be effective February 1, 2012, 37 TexReg 332; amended to be effective January 30, 2013, 38 TexReg 381; amended to be effective January 6, 2014, 39 TexReg 87; amended to be effective January 6, 2015, 40 TexReg 72