Hugo Black,
State Board of Insurance v. Todd Shipyards Corporation…
“ The 1957 statute was passed for the express purpose of equalizing that burden by placing a tax upon the purchasers of unregulated insurance roughly equal to that imposed directly upon regulated companies. In this way the State tried to protect its qualified and regulated companies from unfair competition by companies which could sell insurance on Texas property cheaper because they did not have to pay their part of the cost of the Texas insurance regulation program. ”
