Sec. 401.155. ADDITIONAL ASSESSMENTS. (a) The department shall impose additional assessments against insurers on a pro rata basis as necessary to:
(1) cover all expenses and disbursements required by law; and
(2) comply with this subchapter and Sections 401.103, 401.104, 401.105, and 401.106.
(b) The department shall use any surplus resulting from an assessment under this section to reduce the amount of subsequent assessments.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Section: Previous 401.104 401.105 401.106 401.107 401.151 401.152 401.153 401.154 401.155 401.156 401.201 401.251 401.252 401.253 401.254 NextLast modified: September 28, 2016