Texas Insurance Code - Section 462.152. Maximum Total Assessment
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Texas Lawyer > Insurance Code > Texas Insurance Code - Section 462.152. Maximum Total Assessment
§ 462.152. MAXIMUM TOTAL ASSESSMENT. (a) The total
assessment of a member insurer in a year may not exceed an amount
equal to two percent of the insurer's net direct written premiums
for the calendar year preceding the assessment.
(b) If the maximum assessment and the association's other
assets are insufficient in a year to make all necessary payments,
the money available shall be prorated and the association shall pay
the unpaid portion as soon as money becomes available.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 462.108 462.109 462.110 462.112 462.113 462.114 462.151 462.152 462.153 462.154 462.155 462.156 462.157 462.158 462.159
Last modified: August 11, 2007
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