Tex. Ins. Code § 2210.0725 · Subchapter B-1. PAYMENT OF LOSSES INCURRED BEFORE JANUARY 1, 2026
PAYMENT FROM CLASS 1 ASSESSMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Text of section effective until September 01, 2027
(a) Losses in a catastrophe year not paid under Sections 2210.0715 and 2210.072 shall be paid as provided by this section from Class 1 member assessments not to exceed $500 million for that catastrophe year.
(b) The association, with the approval of the commissioner, shall notify each member of the amount of the member's assessment under this section. The proportion of the losses allocable to each insurer under this section shall be determined in the manner used to determine each insurer's participation in the association for the year under Section 2210.052.
(c) A member of the association may not recoup an assessment paid under this section through a premium surcharge or tax credit.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 7, eff. September 1, 2015.
Repealed by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.17(1), eff.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 0259f56abb90435d6e8335847f74f96caedd33ad37d260a5d6b85b8fc0c137a9
- 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.
Insurance Code
- Tex. Ins. Code § 2210.052MEMBER PARTICIPATION IN ASSOCIATION.Printed as Section 2210.052
- Tex. Ins. Code § 2210.0715PAYMENT FROM RESERVES AND TRUST FUND.Printed as Sections 2210.0715 and 2210.072
- Tex. Ins. Code § 2210.072PAYMENT FROM CLASS 1 PUBLIC SECURITIES; FINANCIAL INSTRUMENTS.Printed as Sections 2210.0715 and 2210.072
Cited by 4 provisions
Provisions in this library whose text cites Tex. Ins. Code § 2210.0725. Each shows the citation as that text prints it.
Insurance Code
- 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.