Tex. Ins. Code § 2203.254

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2203.254 - Contribution By Members for Sound Financial Operation

If sufficient funds are not available for the sound financial operation of the association, each association member shall contribute to the financial requirements of the association in accordance with Sections 2203.055(c) and (d), 2203.252, and 2203.253, as authorized and considered necessary by the department. A contribution under this section is in addition to:

(1) an assessment paid in accordance with the plan of operation under Section 2203.053(b); and

(2) a contribution from a policyholder's stabilization reserve fund.

Tex. Ins. Code § 2203.254

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.