In this subchapter, "contingency reserve" means an additional premium reserve established to protect policyholders against the effect of adverse economic cycles or losses.
Tex. Ins. Code § 3502.151
DEFINITION
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.