Tex. Insurance Code § 2210.053
OPERATION OF ASSOCIATION
Texas · Texas Insurance Code · Status: effective
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- Tex. Insurance Code § 2210.053, OPERATION OF ASSOCIATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/684537
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Full text
(a) In accordance with this chapter and the plan of operation, and with respect to insurance on insurable property, the association, on behalf of the association's members, may:
(1) cause issuance of insurance policies to applicants for insurance coverage;
(2) assume reinsurance from the members;
(3) cede reinsurance to the members; and
(4) purchase reinsurance on behalf of the members.
(b) The department may develop programs to improve the efficient operation of the association, including a program for approving policy forms under Section 2301.010 and a program designed to create incentives for insurers to write windstorm and hail insurance voluntarily to cover property located in a catastrophe area, especially property located on the barrier islands of this state.
(c) The association may not be considered a debtor authorized to file a petition or seek relief in bankruptcy under Title 11, United States Code.