Texas § 2210.632 FINANCING ARRANGEMENT AUTHORIZED; LIMITS.

Texas Statutes

§ 2210.632 — FINANCING ARRANGEMENT AUTHORIZED; LIMITS.

Texas § 2210.632

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 2210.632 (2026).

Text

Sec. 2210.632. FINANCING ARRANGEMENT AUTHORIZED; LIMITS.

(a)The association may enter into a financing arrangement with this state as provided by Section 404.0242 , Government Code, and in accordance with this subchapter:

(1)before a catastrophic event, for not more than $500 million; and

(2)after a catastrophic event that depletes the catastrophe reserve trust fund, for not more than $1 billion.

(b)The amount available under Subsection (a)(2) is reduced by the amount of any outstanding pre-event or post-event financing obtained by the association under this section.

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Sec. 2210.632. FINANCING ARRANGEMENT AUTHORIZED; LIMITS. (a) The association may enter into a financing arrangement with this state as provided by Section 404.0242 , Government Code, and in accordance with this subchapter:
(1) before a catastrophic event, for not more than $500 million; and
(2) after a catastrophic event that depletes the catastrophe reserve trust fund, for not more than $1 billion.
(b) The amount available under Subsection (a)(2) is reduced by the amount of any outstanding pre-event or post-event financing obtained by the association under this section.