Texas Insurance Code - Section 462.153. Refund Of Contribution
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§ 462.153. REFUND OF CONTRIBUTION. The association may
refund to the member insurers in proportion to the contribution of
each member insurer to the association the amount by which the
association's assets exceed the association's liabilities, if at
the end of a calendar year the board finds that the assets of the
association exceed the liabilities of the association as estimated
by the board for the next year.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 462.109 462.110 462.112 462.113 462.114 462.151 462.152 462.153 462.154 462.155 462.156 462.157 462.158 462.159 462.160
Last modified: August 10, 2007
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