Tex. Ins. Code § 2203.055 · Subchapter B. ASSOCIATION ADMINISTRATION AND OPERATION
JOINT UNDERWRITING ASSOCIATION MEMBERSHIP.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The association is composed of each insurer, including a Lloyd's plan and a reciprocal or interinsurance exchange, authorized to write and writing liability insurance, including automobile liability insurance, on a direct basis in this state, other than:
(1) a farm mutual insurance company authorized under Chapter 911; and
(2) a county mutual insurance company authorized under Chapter 912.
(b) An insurer that is a member of the association must remain a member as a condition of the insurer's authority to engage in the business of the insurance described by Subsection (a).
(c) Each association member participates in the writings, expenses, and losses of the association in the proportion that the net direct premiums of the member, excluding the portion of premiums attributable to the operation of the association, written during the preceding calendar year bears to the aggregate net direct premiums written in this state by all association members.
(d) The association shall annually determine a member's participation in the association on the basis of the net direct premiums written by the member during the preceding calendar year, as reported in the annual statements and other reports the member files as required by the department.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2203.htm
- Text hash
- sha256 587e46dffc655447703278f1d80d7cc7dd684308ed7cabee5743cb89cb8d6b5a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 3 provisions
Provisions in this library whose text cites Tex. Ins. Code § 2203.055. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 2203.251DEFICIT RECOUPMENT.Printed as Sections 2203.055(c)
- Tex. Ins. Code § 2203.253LIMITATION ON REIMBURSEMENT BY MEMBER FOR DEFICIT RECOUPMENT.Printed as Sections 2203.055(c)
- Tex. Ins. Code § 2203.254CONTRIBUTION BY MEMBERS FOR SOUND FINANCIAL OPERATION.Printed as Sections 2203.055(c)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.