EFFECT OF LATE ADVISEMENT OF RATE.
Tex. INS Code § 251.003.
in effect(a) Except as provided by Subsection (b), if the commissioner does not advise the comptroller of the applicable rate of assessment of a maintenance tax or workers' compensation surcharge by the date required by Section 251.002 , the rate of assessment is the rate applied in the previous tax or surcharge period.
(b) If the commissioner advises the comptroller of the applicable rate of assessment of a maintenance tax or workers' compensation surcharge after the tax or surcharge has been assessed, the comptroller shall:
(1) advise each taxpayer or surcharge payer in writing of the amount of any additional taxes or surcharges due; or
(2) refund any excess taxes or surcharges paid.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 1, eff. April 1, 2005.