Tex. Ins. Code § 2210.611 · Subchapter M. PUBLIC SECURITIES PROGRAM
EXCESS REVENUE COLLECTIONS AND INVESTMENT EARNINGS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Text of section effective until September 01, 2027
Revenue collected in any calendar year from a premium surcharge under Sections 2210.612, 2210.613, and 2210.6131 that exceeds the amount of the public security obligations and public security administrative expenses payable in that calendar year and interest earned on the funds may, in the discretion of the association, be:
(1) used to pay public security obligations payable in the subsequent calendar year, offsetting the amount of the premium surcharge that would otherwise be required to be levied for the year under this subchapter;
(2) used to redeem or purchase outstanding public securities; or
(3) deposited in the catastrophe reserve trust fund.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 41, eff. June 19, 2009.
Amended by:
Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3), Sec. 48, eff. September 28, 2011.
Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 24, eff. September 1, 2015.
Repealed by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.17(2), eff.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 3f72ef5d8700ee89d21765db8be975cad9d4dcbd95695fab62ad6b6766683a5c
- 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 § 2210.612PAYMENT OF CLASS 1 PUBLIC SECURITIES.Printed as Sections 2210.612, 2210.613, and 2210.6131
- Tex. Ins. Code § 2210.613PAYMENT OF CLASS 2 PUBLIC SECURITIES.Printed as Sections 2210.612, 2210.613, and 2210.6131
- Tex. Ins. Code § 2210.6131PAYMENT OF CLASS 3 PUBLIC SECURITIES.Printed as Sections 2210.612, 2210.613, and 2210.6131
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.