Tex. Ins. Code § 2210.0715 · Subchapter B-1. PAYMENT OF LOSSES INCURRED BEFORE JANUARY 1, 2026
PAYMENT FROM RESERVES AND TRUST FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Text of section effective until September 01, 2027
(a) The association shall pay losses resulting from an occurrence or series of occurrences in a catastrophe year in excess of premium and other revenue of the association for that catastrophe year from reserves of the association available before or accrued during that catastrophe year and amounts in the catastrophe reserve trust fund available before or accrued during that catastrophe year.
(b) Proceeds of public securities issued, a financing arrangement entered into, or assessments made before January 1, 2026, or as a result of any occurrence or series of occurrences in a catastrophe year that occurs before January 1, 2026, and results in insured losses before that date may not be included in reserves available for a subsequent catastrophe year for purposes of this section or Section 2210.082 unless approved by the commissioner.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 5, eff. September 1, 2015.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 790 (H.B. 1900), Sec. 2, eff. June 10, 2019.
Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.06, eff. September 1, 2025.
Repealed by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.17(1), eff. September 1, 2027.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2210.htm
- Text hash
- sha256 727d4f5e411bc3b60d65bc8aa67e328ca3fa6dc56d0261af21152cea48551736
- 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 6 provisions
Provisions in this library whose text cites Tex. Ins. Code § 2210.0715. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 2210.072PAYMENT FROM CLASS 1 PUBLIC SECURITIES; FINANCIAL INSTRUMENTS.Printed as Section 2210.0715
- Tex. Ins. Code § 2210.0725PAYMENT FROM CLASS 1 ASSESSMENTS.Printed as Sections 2210.0715 and 2210.072
- Tex. Ins. Code § 2210.073PAYMENT FROM CLASS 2 PUBLIC SECURITIES.Printed as Sections 2210.0715, 2210.072, and 2210.0725
- Tex. Ins. Code § 2210.074PAYMENT THROUGH CLASS 2 ASSESSMENTS.Printed as Sections 2210.0715, 2210.072, 2210.0725, and 2210.073
- Tex. Ins. Code § 2210.0741PAYMENT THROUGH CLASS 3 PUBLIC SECURITIES.Printed as Sections 2210.0715, 2210.072, 2210.0725, 2210.073, and 2210.074
- Tex. Ins. Code § 2210.0742PAYMENT FROM CLASS 3 ASSESSMENTS.Printed as Sections 2210.0715, 2210.072, 2210.0725, 2210.073, 2210.074, and 2210.0741
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.