| (a) This section applies only to a provider who sells
or issues service contracts that provide only for identity recovery
services as described by Texas Occupations Code §1304.003(a)(2)(B).
For purposes of this section, these service contracts are referred
to herein as identity recovery service contracts.
(b) A provider must submit quarterly fees based on
the number of identity recovery service contracts sold or issued in
this state.
(c) Not later than the 30th day after the date each
calendar quarter ends, a provider must report to the department, in
a manner prescribed by the executive director, the number of identity
recovery service contacts sold or issued to consumers in this state
during the calendar quarter and submit to the department a fee equal
to one dollar ($1) for each of those contracts.
(d) The calendar quarter ends on the following dates:
March 31, June 30, September 30 and December 31. The due dates for
reporting the number of contracts and submitting the appropriate fees
under subsection (c) are: April 30, July 30, October 30, and January
30.
(e) Failure of the provider to report the number of
contracts or to submit the fee as described in subsection (c) is cause
for denial and/or revocation of the registration.
(f) Falsification of information required under subsection
(c) is cause for denial and/or revocation of the registration.
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