Tex. Ins. Code § 2210.0742 · Subchapter B-1. PAYMENT OF LOSSES INCURRED BEFORE JANUARY 1, 2026
PAYMENT FROM CLASS 3 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, 2210.072, 2210.0725, 2210.073, 2210.074, and 2210.0741 shall be paid as provided by this section from Class 3 member assessments not to exceed $250 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. 10, 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Repealed by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.17(1), eff.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 a01782f398ccda58f39a453b5a30bda073215f24655c76dbbfd9bfeba0477e0e
- 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, 2210.072, 2210.0725, 2210.073, 2210.074, and 2210.0741
- Tex. Ins. Code § 2210.072PAYMENT FROM CLASS 1 PUBLIC SECURITIES; FINANCIAL INSTRUMENTS.Printed as Sections 2210.0715, 2210.072, 2210.0725, 2210.073, 2210.074, and 2210.0741
- Tex. Ins. Code § 2210.0725PAYMENT FROM CLASS 1 ASSESSMENTS.Printed as Sections 2210.0715, 2210.072, 2210.0725, 2210.073, 2210.074, and 2210.0741
- Tex. Ins. Code § 2210.073PAYMENT FROM CLASS 2 PUBLIC SECURITIES.Printed as Sections 2210.0715, 2210.072, 2210.0725, 2210.073, 2210.074, and 2210.0741
- Tex. Ins. Code § 2210.074PAYMENT THROUGH CLASS 2 ASSESSMENTS.Printed as Sections 2210.0715, 2210.072, 2210.0725, 2210.073, 2210.074, and 2210.0741
- Tex. Ins. Code § 2210.0741PAYMENT THROUGH CLASS 3 PUBLIC SECURITIES.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.