{"data":{"id":"us-tx/tex.-insurance-code-223.003","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 223.003","heading":"TAX IMPOSED.","body":"(a) An annual tax is imposed on all premiums from the business of title insurance. The rate of the tax is 1.35 percent of title insurance taxable premiums for a calendar year, including any premiums retained by a title insurance agent as provided by Section 223.005. For purposes of this chapter, a person engages in the business of title insurance if the person engages in an activity described by Section 2501.005.\n(b) Except as provided by Subsection (c), in determining a title insurance company's taxable premiums, the company shall include the total amounts of premiums received in a calendar year from title insurance written on property located in this state.\n(c) The following premiums are not included in determining a title insurance company's taxable premiums:\n(1) premiums received from other title insurance companies for reinsurance; and\n(2) returned premiums and dividends paid to policyholders.\n(d) In determining a title insurance company's taxable premiums, a title insurance company is not entitled to a deduction for premiums paid for reinsurance.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 932 (H.B. 3315), Sec. 3, eff. June 15, 2007.","path":["INSURANCE CODE","TITLE 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES","SUBTITLE B. INSURANCE PREMIUM TAXES","CHAPTER 223. TITLE INSURANCE PREMIUM TAX"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.223.htm#223.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"67d92199952f073be1963bd1e39d6461a4efd76dda0aa31549a1a505bc13ea36","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-223.002","next":"us-tx/tex.-insurance-code-223.004"},"notice":"GroundRules: Original legal text. Not legal advice."}