Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 2210.076: PAYMENT FROM STATE-FUNDED FINANCING ARRANGEMENTS.

Text of section effective until September 01, 2027
(a) Notwithstanding the provisions of this subchapter to the contrary, the association may pay losses the association would otherwise pay as provided by Section 2210.072, 2210.073, or 2210.0741 by entering into financing arrangements with this state as provided by Subchapter M-1 of this code and Section 404.0242, Government Code.
(b) Subchapter M-2 applies to the financing of losses under this section to the extent necessary to secure and repay a financing arrangement to the state that is entered into under Subchapter M-1.
(c) The association may enter into a financing arrangement that includes interest-bearing loans or other financial instruments with any market source to enable the association to pay losses secured by a financing arrangement with this state under Subchapter M-1.
Added by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.08, eff. September 1, 2025.
Repealed by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.17(1), eff. September 1, 2027.

Where this section sits in the code

INSURANCE CODE
TITLE 10. PROPERTY AND CASUALTY INSURANCE
SUBTITLE G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE
CHAPTER 2210. TEXAS WINDSTORM INSURANCE ASSOCIATION
SUBCHAPTER B-1. PAYMENT OF LOSSES INCURRED BEFORE JANUARY 1, 2026

Text of section effective until September 01, 2027

(a) Notwithstanding the provisions of this subchapter to the contrary, the association may pay losses the association would otherwise pay as provided by Section 2210.072, 2210.073, or 2210.0741 by entering into financing arrangements with this state as provided by Subchapter M-1 of this code and Section 404.0242, Government Code.

(b) Subchapter M-2 applies to the financing of losses under this section to the extent necessary to secure and repay a financing arrangement to the state that is entered into under Subchapter M-1.

(c) The association may enter into a financing arrangement that includes interest-bearing loans or other financial instruments with any market source to enable the association to pay losses secured by a financing arrangement with this state under Subchapter M-1.

Added by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.08, eff. September 1, 2025.

Repealed by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.17(1), eff. September 1, 2027.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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