Tex. Ins. Code § 401.155

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 401.155 - Additional Assessments

(a) The department shall impose additional assessments against insurers on a pro rata basis as necessary to:

(1) cover all expenses and disbursements required by law; and

(2) comply with this subchapter and Sections 401.103, 401.104, 401.105, and 401.106.

(b) The department shall use any surplus resulting from an assessment under this section to reduce the amount of subsequent assessments.

Tex. Ins. Code § 401.155

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.