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Tex. Ins. Code § 2210.635

EXCESS REVENUE COLLECTIONS AND INVESTMENT EARNINGS

Known as the Texas Windstorm Insurance Association Act

The act spans §§ 2210.001 to 2210.705 (181 sections).

Added by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.15, eff

With respect to a financing arrangement entered into under Section 2210.632, the association may use revenue collected in a calendar year from a premium surcharge, including earned interest, that exceeds the amount of the financing arrangement obligations and financing arrangement administrative expenses payable during that calendar year to:

(1) pay financing arrangement obligations payable in the subsequent calendar year, offsetting the amount of a premium surcharge that would otherwise be required to be levied for the year under this chapter;

(2) pay outstanding financing arrangement obligations; or

(3) deposit additional money into the catastrophe reserve trust 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.