Tex. Ins. Code § 883.156

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

Section 883.156 - Assessment on Policyholders

(a) A policyholder is not liable for an assessment imposed on a policy issued by a mutual insurance company with approval of the commissioner under Section 883.155(a).

(b) An assessment may not be imposed on the holder of a policy described by Section 883.155(a) by:

(1) the officers or directors of a mutual insurance company;

(2) the department;

(3) a receiver; or

(4) a liquidator.

Tex. Ins. Code § 883.156

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.