Insurance Premium Tax (Independently Procured)
A tax is imposed on insurance policies that are negotiated outside the state of Texas and are procured from a non-licensed insurance company. If these policies are not placed by a Texas licensed surplus lines agent and no insurance activities are conducted in Texas, they are considered independently procured insurance.
Rate
4.85% (.0485) of taxable premiums
Due Date
Yearly: May 15 for the previous calendar year.


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