Texas § 2210.075 REINSURANCE BY MEMBERS.

Texas Statutes

§ 2210.075 — REINSURANCE BY MEMBERS.

Texas § 2210.075

Code INInsurance Code

This text of Texas § 2210.075 (REINSURANCE BY MEMBERS.) 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. § 2210.075 (2026).

Text

Text of section effective until September 01, 2027 Sec. 2210.075. REINSURANCE BY MEMBERS.

(a)Before any occurrence or series of occurrences, an insurer may elect to purchase reinsurance to cover an assessment for which the insurer would otherwise be liable under this subchapter.

(b)An insurer must notify the board of directors, in the manner prescribed by the association whether the insurer will be purchasing reinsurance. If the insurer does not elect to purchase reinsurance under this section, the insurer remains liable for any assessment imposed under this subchapter.

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Text of section effective until September 01, 2027
Sec. 2210.075. REINSURANCE BY MEMBERS. (a) Before any occurrence or series of occurrences, an insurer may elect to purchase reinsurance to cover an assessment for which the insurer would otherwise be liable under this subchapter.
(b) An insurer must notify the board of directors, in the manner prescribed by the association whether the insurer will be purchasing reinsurance. If the insurer does not elect to purchase reinsurance under this section, the insurer remains liable for any assessment imposed under this subchapter.

Legislative History

Added by Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409 ), Sec. 16, eff. June 19, 2009. Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3 ), Sec. 14, eff. September 28, 2011. Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900 ), Sec. 11, eff. September 1, 2015. Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689 ), Sec. 1.07, eff. September 1, 2025. Repealed by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689 ), Sec. 1.17(1), eff. September 1, 2027.