Tex. Ins. Code § 2211.105

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

Section 2211.105 - Retention and Use of Profits By Association

(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.

Tex. Ins. Code § 2211.105

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