Texas § 462.152 MAXIMUM TOTAL ASSESSMENT.

Texas Statutes

§ 462.152 — MAXIMUM TOTAL ASSESSMENT.

Texas § 462.152

Code INInsurance Code

This text of Texas § 462.152 (MAXIMUM TOTAL ASSESSMENT.) 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. § 462.152 (2026).

Text

Sec. 462.152. MAXIMUM TOTAL ASSESSMENT.

(a)The total assessment of a member insurer in a year may not exceed an amount equal to two percent of the insurer's net direct written premiums for the calendar year preceding the assessment.

(b)If the maximum assessment and the association's other assets are insufficient in a year to make all necessary payments, the money available shall be prorated and the association shall pay the unpaid portion as soon as money becomes available.

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Sec. 462.152. MAXIMUM TOTAL ASSESSMENT. (a) The total assessment of a member insurer in a year may not exceed an amount equal to two percent of the insurer's net direct written premiums for the calendar year preceding the assessment.
(b) If the maximum assessment and the association's other assets are insufficient in a year to make all necessary payments, the money available shall be prorated and the association shall pay the unpaid portion as soon as money becomes available.