{"data":{"id":"us-tx/tex.-insurance-code-463.152","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 463.152","heading":"CLASSES OF ASSESSMENTS.","body":"(a) Assessments are classified as Class A or Class B assessments.\n(b) Class A assessments are authorized and called to pay:\n(1) the association's administrative costs;\n(2) administrative expenses that:\n(A) are properly incurred under this chapter; and\n(B) relate to an unauthorized insurer or to an entity that is not a member insurer; and\n(3) other general expenses not related to a particular impaired or insolvent insurer.\n(c) Class B assessments are authorized and called 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.\n(d) For purposes of this section, an assessment is authorized at the time a resolution by the board is passed under which an assessment will be called immediately or in the future from member insurers for a specified amount and an assessment is called at the time a notice has been issued by the association to member insurers requiring that an authorized assessment be paid within a period stated in the notice. An authorized assessment becomes a called assessment at the time notice is mailed by the association to member insurers.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.016(b), eff. September 1, 2007.\nActs 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.016(b), eff. September 1, 2007.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE D. GUARANTY ASSOCIATIONS","CHAPTER 463. TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION","SUBCHAPTER D. ASSESSMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.463.htm#463.152","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"308398278e74902369b6ce60c337da7a8642576b2ddc0b8d65cdd20c5a937f0c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-463.151","next":"us-tx/tex.-insurance-code-463.153"},"notice":"GroundRules: Original legal text. Not legal advice."}