The association may refund to the member insurers in proportion to the contribution of each member insurer to the association the amount by which the association's assets exceed the association's liabilities, if at the end of a calendar year the board finds that the assets of the association exceed the liabilities of the association as estimated by the board for the next year.
Tex. Ins. Code § 462.153
REFUND OF CONTRIBUTION
Known as the Texas Property and Casualty Insurance Guaranty Act
The act spans §§ 462–462 (90 sections).
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, 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.