Tex. Insurance Code § 2210.6365
RIGHTS WITH RESPECT TO FINANCING ARRANGEMENT
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 2210.6365, RIGHTS WITH RESPECT TO FINANCING ARRANGEMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/684690
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Full text
If amounts due under a financing arrangement entered into under Section 2210.632 are outstanding, the rights and interests of the association, a successor to the association, any member of the association, or any member of the Texas FAIR Plan Association, including the right to impose, collect, and receive a premium surcharge authorized under this subchapter, are only contract rights until those revenues are first pledged for the repayment of the association's financing arrangement obligations as provided by this subchapter and Subchapter M-2.