Texas § IN.254.002 - MAXIMUM RATE
Full text of Texas The Texas Constitution § IN.254.002 — MAXIMUM RATE, with citation guidance and answers to common questions.
§ IN.254.002. MAXIMUM RATE
MAXIMUM RATE; ANNUAL ADJUSTMENT. (a) The rate of assessment set by the commissioner may not exceed 0.2 percent of the gross premiums subject to taxation under Section 254.003 . (b) The commissioner shall annually adjust the rate of assessment of the maintenance tax so that the tax imposed that year, together with any unexpended funds produced by the tax, produces the amount the commissioner determines is necessary to pay the expenses during the succeeding year of regulating motor vehicle insurance. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.
Frequently Asked Questions About Texas § IN.254.002
What does The Texas Constitution § IN.254.002 cover?
Section IN.254.002 ("MAXIMUM RATE") 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.254.002?
A common citation format is "The Texas Constitution § IN.254.002" (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.254.002 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.