Texas Insurance Code - Section 462.161. Amount Of Assessment; Proration Of Payment
Legal Research Home >
Texas Lawyer > Insurance Code > Texas Insurance Code - Section 462.161. Amount Of Assessment; Proration Of Payment
§ 462.161. AMOUNT OF ASSESSMENT; PRORATION OF
PAYMENT. (a) The association, in determining the proportionate
amount to be paid by individual insurers under an assessment under
Section 462.160, shall consider the lines of business written by
the impaired insurer and shall assess individual insurers in
proportion to the ratio that the total net direct written premiums
collected in this state by the insurer for those lines of business
bears to the total net direct written premiums collected by all
insurers, other than impaired insurers, in this state for those
lines of business.
(b) The association shall determine the total net direct
written premiums of an individual insurer and of all insurers in the
state from the insurers' annual statements for the year preceding
assessment.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 462.154 462.155 462.156 462.157 462.158 462.159 462.160 462.161 462.162 462.163 462.164 462.165 462.166 462.167 462.168
Last modified: August 10, 2007
|
