Tex. Ins. Code § 2210.636 · Subchapter M-1. STATE-FUNDED FINANCING ARRANGEMENTS
STATE NOT TO IMPAIR FINANCING ARRANGEMENT OBLIGATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The state pledges for the benefit and protection of financing parties that the state will not take or permit any action that would:
(1) impair the collection of premium surcharges or the deposit of that money into the applicable fund;
(2) reduce, alter, or impair the premium surcharges to be imposed, collected, and remitted to financing parties until the principal, interest, and premium and any other charges incurred and contracts to be performed in connection with the related financing arrangement obligations have been paid and performed in full; or
(3) in any way impair the rights and remedies of the parties to a financing arrangement entered into under Section 2210.632 before the financing arrangement is fully discharged.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.15, eff. September 1, 2025.
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 a0d88e5aad7a99d4f5cc377c4a08e71cc7670faee654615c9fdbe9dfd692f524
- 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.
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.