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

Tex. Insurance Code § 2210.632: FINANCING ARRANGEMENT AUTHORIZED; LIMITS.

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 M-1. STATE-FUNDED FINANCING ARRANGEMENTS

(a) The association may enter into a financing arrangement with this state as provided by Section 404.0242, Government Code, and in accordance with this subchapter:

(1) before a catastrophic event, for not more than $500 million; and

(2) after a catastrophic event that depletes the catastrophe reserve trust fund, for not more than $1 billion.

(b) The amount available under Subsection (a)(2) is reduced by the amount of any outstanding pre-event or post-event financing obtained by the association under this section.

Added by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.15, eff. September 1, 2025.

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

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