Texas § 1501.319 DETERMINATION OF NET LOSS.

Texas Statutes

§ 1501.319 — DETERMINATION OF NET LOSS.

Texas § 1501.319

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Bluebook

Tex. Insurance Code Code Ann. § 1501.319 (2026).

Text

Sec. 1501.319. DETERMINATION OF NET LOSS.

(a)Not later than March 1 of each year, the board shall determine the system's net loss for the preceding calendar year, including administrative expenses and incurred losses for the year, and report the net loss to the commissioner.

(b)In determining the net loss, the board shall take into account investment income and other appropriate gains and losses.

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Sec. 1501.319. DETERMINATION OF NET LOSS. (a) Not later than March 1 of each year, the board shall determine the system's net loss for the preceding calendar year, including administrative expenses and incurred losses for the year, and report the net loss to the commissioner.
(b) In determining the net loss, the board shall take into account investment income and other appropriate gains and losses.