Texas § 2203.254 CONTRIBUTION BY MEMBERS FOR SOUND FINANCIAL OPERATION.

Texas Statutes

§ 2203.254 — CONTRIBUTION BY MEMBERS FOR SOUND FINANCIAL OPERATION.

Texas § 2203.254

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 2203.254 (2026).

Text

Sec. 2203.254. CONTRIBUTION BY MEMBERS FOR SOUND FINANCIAL OPERATION. If sufficient funds are not available for the sound financial operation of the association, each association member shall contribute to the financial requirements of the association in accordance with Sections 2203.055 (c) and (d), 2203.252 , and 2203.253 , as authorized and considered necessary by the department. A contribution under this section is in addition to:

(1)an assessment paid in accordance with the plan of operation under Section 2203.053 (b); and

(2)a contribution from a policyholder's stabilization reserve fund.

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Sec. 2203.254. CONTRIBUTION BY MEMBERS FOR SOUND FINANCIAL OPERATION. If sufficient funds are not available for the sound financial operation of the association, each association member shall contribute to the financial requirements of the association in accordance with Sections 2203.055 (c) and (d), 2203.252 , and 2203.253 , as authorized and considered necessary by the department. A contribution under this section is in addition to:
(1) an assessment paid in accordance with the plan of operation under Section 2203.053 (b); and
(2) a contribution from a policyholder's stabilization reserve fund.