Tex. Ins. Code § 463.152 · Subchapter D. ASSESSMENTS
CLASSES OF ASSESSMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Assessments are classified as Class A or Class B assessments.
(b) Class A assessments are authorized and called to pay:
(1) the association's administrative costs;
(2) administrative expenses that:
(A) are properly incurred under this chapter; and
(B) relate to an unauthorized insurer or to an entity that is not a member insurer; and
(3) other general expenses not related to a particular impaired or insolvent insurer.
(c) Class B assessments are authorized and called to the extent necessary for the association to carry out the association's powers and duties under Sections 463.101, 463.103, 463.109, and 463.111(c) and Subchapter F with regard to an impaired or insolvent insurer.
(d) For purposes of this section, an assessment is authorized at the time a resolution by the board is passed under which an assessment will be called immediately or in the future from member insurers for a specified amount and an assessment is called at the time a notice has been issued by the association to member insurers requiring that an authorized assessment be paid within a period stated in the notice. An authorized assessment becomes a called assessment at the time notice is mailed by the association to member insurers.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.016(b), eff. September 1, 2007.
Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.016(b), eff. September 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.463.htm
- Text hash
- sha256 6315cb727a4879bdf7b038c94432a225cccab9e5c329596f6747605809c60ded
- 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 § 463.101GENERAL POWERS AND DUTIES.Printed as Sections 463.101, 463.103, 463.109, and 463.111(c)
- Tex. Ins. Code § 463.103PERSONNEL.Printed as Sections 463.101, 463.103, 463.109, and 463.111(c)
- Tex. Ins. Code § 463.109ASSOCIATION APPEARANCE BEFORE COURT; INTERVENTION.Printed as Sections 463.101, 463.103, 463.109, and 463.111(c)
- Tex. Ins. Code § 463.111BOARD AND ASSOCIATION ADVICE AND ASSISTANCE.Printed as Sections 463.101, 463.103, 463.109, and 463.111(c)
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 463.152. Each shows the citation as that text prints it.
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.