NU Online News Service, July 20, 1:36 p.m. EDT
Texas, the nation's third largest state in terms of surplus lines premiums, has enacted legislation that in theory allows the state to keep all the premium taxes generated by the surplus lines industry.
Texas, which in 2009 generated $4.3 billion in surplus line premiums, according to the latest confirmed data, joins California in enacting legislation that does not require the state to share surplus line premiums with other states.
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