Texas offers premium tax amnesty to captives not licensed in the stateThe Texas Comptroller of Public Accounts offers a temporary amnesty to unlicensed captive insurance companies, and to their insureds, seeking to comply voluntarily with state insurance premium tax laws. Nonadmitted captives, meaning captive insurance companies not licensed under Chapter 964 of the Insurance Code, are subject to the unauthorized insurance premium tax under Chapter 226, Subchapter A. The tax runs at 4.85 per cent of gross premiums charged for insurance covering people, property or activities located in Texas. Captives and insureds seeking the amnesty must file Forms 25-108 and 25-123, the Texas Annual Unauthorized Insurance Tax Report and its supplement, for insurance tax years 2022, 2023, 2024 and 2025, covering insurance written from 1 January 2022 to 31 December 2025. Captives authorised under Chapter 964, which pay premium tax under Chapter 223A and maintenance taxes under section 964.068, fall outside the unauthorised insurance premium tax altogether.