Texas § 2209.253 USES OF FUND.

Texas Statutes

§ 2209.253 — USES OF FUND.

Texas § 2209.253

Code INInsurance Code

This text of Texas § 2209.253 (USES OF FUND.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 2209.253 (2026).

Text

Sec. 2209.253. USES OF FUND.

(a)Administrative expenses of the pool may be paid from the fund. Payments for administrative expenses during a fiscal year of the pool may not exceed 10 percent of the total amount of the money in the fund during that fiscal year.

(b)Money in the fund may not be used to pay:

(1)punitive damages; or

(2)a fine or penalty imposed for a violation of:

(A)a statute;

(B)an administrative rule of a state agency; or

(C)an ordinance or order of a local government.

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Sec. 2209.253. USES OF FUND. (a) Administrative expenses of the pool may be paid from the fund. Payments for administrative expenses during a fiscal year of the pool may not exceed 10 percent of the total amount of the money in the fund during that fiscal year.
(b) Money in the fund may not be used to pay:
(1) punitive damages; or
(2) a fine or penalty imposed for a violation of:
(A) a statute;
(B) an administrative rule of a state agency; or
(C) an ordinance or order of a local government.