GroundRules
Tex. Insurance Code § 2211.105: RETENTION AND USE OF PROFITS BY ASSOCIATION.
Where this section sits in the code
- INSURANCE CODE
- TITLE 10. PROPERTY AND CASUALTY INSURANCE
- SUBTITLE G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE
- CHAPTER 2211. FAIR PLAN
- SUBCHAPTER C. INSURER PARTICIPATION IN FAIR PLAN
(a) The association shall retain any profits of the association to be used for the purposes of the association.
(b) The association:
(1) shall use the profits to mitigate losses, including purchasing reinsurance and offsetting future assessments; and
(2) may not distribute the profits to insurers.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Collected 2026-08-27T01:47:21Z. Source file · JSON