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2025 Texas Statutes
Insurance Code - Not Codified
Title 1 - The Insurance Code of 1951
Chapter 21 - General Provisions
Subchapter E. Miscellaneous Provisions
Article 21.49-3c. Texas Nonprofit Organization Liability Insurance Underwriting Association
Section 11. Association Deficit
Universal Citation:
§ 11 (2025)
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Sec. 11. ASSOCIATION DEFICIT. (a) A deficit sustained by the association in any year shall be recouped pursuant to the plan of operation and the rating plan that is in effect at the time of the deficit.
(b) The association shall recoup the deficit by following one or more of the following procedures in this sequence:
(1) a contribution from the policyholder stabilization reserve fund until that fund is exhausted;
(2) an assessment on the policyholders under Section 13 of this article; and
(3) an assessment on the members of the association as provided by Section 12 of this article.
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