Tex. Ins. Code § 462.151 · Subchapter D. ASSESSMENTS IN GENERAL
MAKING OF ASSESSMENT; AMOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The association shall assess member insurers the amount necessary to pay:
(1) the association's obligations under Section 462.302 and the expenses of handling covered claims subsequent to an insolvency; and
(2) other expenses authorized by this chapter.
(b) The assessment of each member insurer must be in the proportion that the net direct written premiums of the insurer for the calendar year preceding the assessment bear to the net direct written premiums of all member insurers for that year.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, 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.462.htm
- Text hash
- sha256 11fdb69cdf32be1435fbecb82ed2029d505444b44136f79fb0bc4713a89da293
- 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
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