taxes

Insurance Maintenance Taxes for the Texas Department of Insurance

Who is responsible for this tax?

Insurers that are licensed by the Texas Department of Insurance must pay this tax based on line of business.

Rates

Vary each year as adopted by the Texas Department of Insurance. Refer to 28 TAC, Rule §1.414 and our publication Insurance Maintenance Tax Rates and Assessments on Premiums.

Due Date

Yearly: March 1 for the previous calendar year for licensed insurers, health maintenance organizations and third-party administrators (for example, March 1, 2015, for policies written in 2014).

Penalties and Interest

Penalties

• If tax is paid 1-30 days after the due date, a 5 percent penalty is assessed.
• If tax is paid over 30 days after the due date, a 10 percent penalty is assessed.

Interest

• Past due taxes are charged interest beginning 61 days after the due date.
• To calculate interest on past due taxes, visit Interest Owed and Earned.

Reporting and Payment Requirements

Select the amount of taxes you paid in the preceding state fiscal year (Sept. 1 – Aug. 31) to find the reporting and payment methods to use.

Less than $500,000

Select one of these reporting methods:

• Webfile
• Tax Forms

Select one of these payment methods:

• Web Electronic Funds Transfer (EFT) or credit card via Webfile (American Express, Discover, Mastercard® and Visa)
• TEXNET
• Check

$500,000 or more

Select one of these reporting methods:

• Webfile
• Tax Forms

TEXNET is the only acceptable payment method.

Additional Resources

• All Insurance Taxes, Assessments and Fees