Texas § 2210.053 OPERATION OF ASSOCIATION.

Texas Statutes

§ 2210.053 — OPERATION OF ASSOCIATION.

Texas § 2210.053

Code INInsurance Code

This text of Texas § 2210.053 (OPERATION OF ASSOCIATION.) 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. § 2210.053 (2026).

Text

Sec. 2210.053. OPERATION OF ASSOCIATION.

(a)In accordance with this chapter and the plan of operation, and with respect to insurance on insurable property, the association, on behalf of the association's members, may:

(1)cause issuance of insurance policies to applicants for insurance coverage;

(2)assume reinsurance from the members;

(3)cede reinsurance to the members; and

(4)purchase reinsurance on behalf of the members.

(b)The department may develop programs to improve the efficient operation of the association, including a program for approving policy forms under Section 2301.010 and a program designed to create incentives for insurers to write windstorm and hail insurance voluntarily to cover property located in a catastrophe area, especially property located on the barrier islan

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Sec. 2210.053. OPERATION OF ASSOCIATION. (a) In accordance with this chapter and the plan of operation, and with respect to insurance on insurable property, the association, on behalf of the association's members, may:
(1) cause issuance of insurance policies to applicants for insurance coverage;
(2) assume reinsurance from the members;
(3) cede reinsurance to the members; and
(4) purchase reinsurance on behalf of the members.
(b) The department may develop programs to improve the efficient operation of the association, including a program for approving policy forms under Section 2301.010 and a program designed to create incentives for insurers to write windstorm and hail insurance voluntarily to cover property located in a catastrophe area, especially property located on the barrier islands of this state.
(c) The association may not be considered a debtor authorized to file a petition or seek relief in bankruptcy under Title 11, United States Code.

Legislative History

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007. Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3 ), Sec. 6, eff. September 28, 2011.