Form LAC023 Return of Premium Checklist - Texas

What Is Form LAC023?

This is a legal form that was released by the Texas Department of Insurance - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form LAC023?
A: Form LAC023 is the Return of Premium Checklist for insurance policies in Texas.

Q: Who needs to complete Form LAC023?
A: Insurance companies in Texas need to complete Form LAC023.

Q: What is the purpose of Form LAC023?
A: The purpose of Form LAC023 is to report and reconcile the return of premiums for insurance policies in Texas.

Q: What information is needed to complete Form LAC023?
A: To complete Form LAC023, insurance companies need to provide detailed information about the premiums received and returned for each insurance policy.

Q: Are there any deadlines for filing Form LAC023?
A: Yes, insurance companies must file Form LAC023 on or before the 15th day of the month following the calendar quarter in which the premiums were returned.

Q: What happens if Form LAC023 is not filed on time?
A: If Form LAC023 is not filed on time, the insurance company may be subject to penalties and fines imposed by the Texas Department of Insurance.

Q: Are there any fees associated with filing Form LAC023?
A: There are no fees associated with filing Form LAC023.

Q: Is Form LAC023 only required for certain types of insurance policies?
A: No, Form LAC023 is required for all types of insurance policies in Texas, including life insurance, health insurance, property insurance, and others.