H.B. No. 2517 amends the Texas Insurance Code to clarify the applicability of premium and maintenance taxes to the Texas Windstorm Insurance Association and the Texas FAIR Plan Association. Specifically, it adds these two associations to the list of entities exempt from certain provisions of the Insurance Code. The bill modifies Section 221.001(b) to include the Texas Windstorm Insurance Association as item (7) and the Texas FAIR Plan Association as item (8), while also making a similar addition in Section 252.005, which outlines exceptions to the chapter's applicability.

Additionally, the bill stipulates that the changes in law will not affect tax liabilities that accrued before the 2023 calendar year, ensuring that previous tax obligations remain enforceable under the former law. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Insurance Code 221.001, Insurance Code 252.005 (Insurance Code 252, Insurance Code 221)
House Committee Report: Insurance Code 221.001, Insurance Code 252.005 (Insurance Code 252, Insurance Code 221)
Engrossed: Insurance Code 221.001, Insurance Code 252.005 (Insurance Code 252, Insurance Code 221)
Senate Committee Report: Insurance Code 221.001, Insurance Code 252.005 (Insurance Code 252, Insurance Code 221)
Enrolled: Insurance Code 221.001, Insurance Code 252.005 (Insurance Code 252, Insurance Code 221)