Sec. 407A.304.  PREMIUM TAX.  (a)  Each group shall pay to the comptroller a premium tax on gross premiums for the group's retention.  The premium tax assessed under this subsection does not apply to premium collected for excess insurance.
(b)  The rate for the premium tax under this section is the rate assessed under Chapter 221, Insurance Code.
Added by Acts 2003, 78th Leg., ch. 275, Sec. 1, eff. Sept. 1, 2003.
Amended by: 
Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.140, eff. September 1, 2005.