Tex. Ins. Code § 2203.254 · Subchapter F. FINANCIAL PARTICIPATION BY MEMBERS AND POLICYHOLDERS
CONTRIBUTION BY MEMBERS FOR SOUND FINANCIAL OPERATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If sufficient funds are not available for the sound financial operation of the association, each association member shall contribute to the financial requirements of the association in accordance with Sections 2203.055(c) and (d), 2203.252, and 2203.253, as authorized and considered necessary by the department. A contribution under this section is in addition to:
(1) an assessment paid in accordance with the plan of operation under Section 2203.053(b); and
(2) a contribution from a policyholder's stabilization reserve fund.
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 376c9744e02e693af10f156ccf6c3b7f7ef9aa392f632284e1278d0174b20ce0
- 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
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