Tex. Insurance Code § 2203.254
CONTRIBUTION BY MEMBERS FOR SOUND FINANCIAL OPERATION
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 2203.254, CONTRIBUTION BY MEMBERS FOR SOUND FINANCIAL OPERATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/684268
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Full text
If sufficient funds are not available for the sound financial operation of the association, each association member shall contribute to the financial requirements of the association in accordance with Sections 2203.055(c) and (d), 2203.252, and 2203.253, as authorized and considered necessary by the department. A contribution under this section is in addition to:
(1) an assessment paid in accordance with the plan of operation under Section 2203.053(b); and
(2) a contribution from a policyholder's stabilization reserve fund.