Tex. Ins. Code § 462.152

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 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.

Tex. Ins. Code § 462.152

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.