Texas § IN.2007.003 - DETERMINATION OF ASSESSMENT
Full text of Texas The Texas Constitution § IN.2007.003 — DETERMINATION OF ASSESSMENT, with citation guidance and answers to common questions.
§ IN.2007.003. DETERMINATION OF ASSESSMENT
DETERMINATION OF ASSESSMENT. (a) In this section, "net direct premium" means the gross direct premium written and reported by an insurer on annual financial statements on: (1) an insurance policy described by Section 2007.001 (2), other than a commercial multiple peril policy; and (2) the nonliability portion of a commercial multiple peril policy. (b) Each insurer shall pay a portion of the assessment in the proportion that the insurer's net direct premiums for the period for which the assessment is made bear to the aggregate net direct premiums written in this state by all insurers for that period. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.2007.003
What does The Texas Constitution § IN.2007.003 cover?
Section IN.2007.003 ("DETERMINATION OF ASSESSMENT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.2007.003?
A common citation format is "The Texas Constitution § IN.2007.003" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.2007.003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.