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Tex. Ins. Code § 2203.254

CONTRIBUTION BY MEMBERS FOR SOUND FINANCIAL OPERATION

Known as the Texas Medical Liability Insurance Underwriting Association Act

The act spans §§ 2203.001–2203.406 (55 sections).

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff

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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.