Texas § 2210.611 EXCESS REVENUE COLLECTIONS AND INVESTMENT EARNINGS.

Texas Statutes

§ 2210.611 — EXCESS REVENUE COLLECTIONS AND INVESTMENT EARNINGS.

Texas § 2210.611

Code INInsurance Code

This text of Texas § 2210.611 (EXCESS REVENUE COLLECTIONS AND INVESTMENT EARNINGS.) 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. § 2210.611 (2026).

Text

Text of section effective until September 01, 2027 Sec. 2210.611. EXCESS REVENUE COLLECTIONS AND INVESTMENT EARNINGS. Revenue collected in any calendar year from a premium surcharge under Sections 2210.612 , 2210.613 , and 2210.6131 that exceeds the amount of the public security obligations and public security administrative expenses payable in that calendar year and interest earned on the funds may, in the discretion of the association, be:

(1)used to pay public security obligations payable in the subsequent calendar year, offsetting the amount of the premium surcharge that would otherwise be required to be levied for the year under this subchapter;

(2)used to redeem or purchase outstanding public securities; or

(3)deposited in the catastrophe reserve trust fund.

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Text of section effective until September 01, 2027
Sec. 2210.611. EXCESS REVENUE COLLECTIONS AND INVESTMENT EARNINGS. Revenue collected in any calendar year from a premium surcharge under Sections 2210.612 , 2210.613 , and 2210.6131 that exceeds the amount of the public security obligations and public security administrative expenses payable in that calendar year and interest earned on the funds may, in the discretion of the association, be:
(1) used to pay public security obligations payable in the subsequent calendar year, offsetting the amount of the premium surcharge that would otherwise be required to be levied for the year under this subchapter;
(2) used to redeem or purchase outstanding public securities; or
(3) deposited in the catastrophe reserve trust fund.

Legislative History

Added by Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409 ), Sec. 41, eff. June 19, 2009. Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3 ), Sec. 48, eff. September 28, 2011. Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900 ), Sec. 24, eff. September 1, 2015. Repealed by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689 ), Sec. 1.17(2), eff. September 1, 2027.