Tex. Ins. Code § 2211.105 · Subchapter C. INSURER PARTICIPATION IN FAIR PLAN
RETENTION AND USE OF PROFITS BY ASSOCIATION.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The association shall retain any profits of the association to be used for the purposes of the association.
(b) The association:
(1) shall use the profits to mitigate losses, including purchasing reinsurance and offsetting future assessments; and
(2) may not distribute the profits to insurers.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2211.htm
- Text hash
- sha256 9868b1a5052fed6df2e1ce4bf7c3fdd7576222efac66b5b1c0ea210353355911
- 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
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.