Tex. Ins. Code § 912.202 · Subchapter E. CHARGES, PREMIUMS, AND ASSESSMENTS
PAYMENT OF PREMIUM OR ASSESSMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A county mutual insurance company's bylaws must:
(1) state the time and manner of the levy and payment of a premium or assessment for policies written by the company;
(2) in addition to the regular premium or assessment under Subdivision (1), establish the contingent liability of a policyholder for all losses accrued while a policy is in force in the amount of $2 for each $100 of insurance coverage; and
(3) state the time and manner of payment of a policyholder's contingent liability established under Subdivision (2).
(b) As required by its bylaws, a county mutual insurance company shall establish and levy premiums and assessments, including the contingent liability of a policyholder, for all insurance written by the company.
(c) A policyholder shall pay premiums and assessments as required by the company's bylaws.
(d) The premium or assessment for a policy shall be secured by a lien on each item of real or personal property, other than a homestead, covered by the policy, including the land on which an insured building is located. The lien remains on the property while the insured owns the property.
(e) Subsection (a) does not apply to a company that meets the requirements of Section 912.308(a)(3), but such a company is subject to Sections 883.154, 883.155, and 883.156.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.912.htm
- Text hash
- sha256 8fab753e89bb64bfe4989e77897c337ecfbe9f0850f8555d5b6f6ef11620ba58
- 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 § 883.154MAXIMUM PREMIUMS.Printed as Sections 883.154, 883.155, and 883.156
- Tex. Ins. Code § 883.155ISSUANCE OF POLICY FOR CASH PREMIUM ONLY.Printed as Sections 883.154, 883.155, and 883.156
- Tex. Ins. Code § 883.156ASSESSMENT ON POLICYHOLDERS.Printed as Sections 883.154, 883.155, and 883.156
- Tex. Ins. Code § 912.308AMOUNT AND INVESTMENT OF SURPLUS.Printed as Section 912.308(a)(3)
Cited by 2 provisions
Provisions in this library whose text cites Tex. Ins. Code § 912.202. 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.