Texas Insurance Code - Section 462.151. Making Of Assessment; Amount
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§ 462.151. MAKING OF ASSESSMENT; AMOUNT. (a) The
association shall assess member insurers the amount necessary to
pay:
(1) the association's obligations under Section
462.302 and the expenses of handling covered claims subsequent to
an insolvency; and
(2) other expenses authorized by this chapter.
(b) The assessment of each member insurer must be in the
proportion that the net direct written premiums of the insurer for
the calendar year preceding the assessment bear to the net direct
written premiums of all member insurers for that year.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 462.107 462.108 462.109 462.110 462.112 462.113 462.114 462.151 462.152 462.153 462.154 462.155 462.156 462.157 462.158
Last modified: August 10, 2007
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