Section 463.152 - Classes of Assessments(a) Assessments are classified as Class A or Class B assessments.(b) Class A assessments are authorized and called to pay:(1) the association's administrative costs;(2) administrative expenses that:(A) are properly incurred under this chapter; and(B) relate to an unauthorized insurer or to an entity that is not a member insurer; and(3) other general expenses not related to a particular impaired or insolvent insurer.(c) Class B assessments are authorized and called to the extent necessary for the association to carry out the association's powers and duties under Sections 463.101, 463.103, 463.109, and 463.111(c) and Subchapter F with regard to an impaired or insolvent insurer.(d) For purposes of this section, an assessment is authorized at the time a resolution by the board is passed under which an assessment will be called immediately or in the future from member insurers for a specified amount and an assessment is called at the time a notice has been issued by the association to member insurers requiring that an authorized assessment be paid within a period stated in the notice. An authorized assessment becomes a called assessment at the time notice is mailed by the association to member insurers.Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 3B.016(b), eff. 9/1/2007.Amended By Acts 2007, 80th Leg., R.S., Ch. 921, Sec. 9.016(b), eff. 9/1/2007.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.