Texas Insurance Code - Section 463.152. Classes Of Assessments
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§ 463.152. CLASSES OF ASSESSMENTS. (a) Assessments are
classified as Class A or Class B assessments.
(b) Class A assessments are made to pay:
(1) the association's administrative costs;
(2) administrative expenses that:
(A) are properly incurred under this chapter;
and
(B) relate to an unauthorized insurer or to an
entity that is not a member insurer; and
(3) other general expenses not related to a particular
impaired or insolvent insurer.
(c) Class B assessments are made to the extent necessary for
the association to carry out the association's powers and duties
under Sections 463.101, 463.103, 463.109, and 463.111(c) and
Subchapter F with regard to an impaired or insolvent insurer.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 463.109 463.110 463.111 463.112 463.113 463.114 463.151 463.152 463.153 463.154 463.155 463.156 463.157 463.158 463.159
Last modified: August 10, 2007
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