Tex. Ins. Code Section 2203.304
Policyholder’s Stabilization Reserve Fund Charge for Nursing Homes and Assisted Living Facilities

(a)

Each policyholder that is a nursing home or assisted living facility shall pay annually into the policyholder’s stabilization reserve fund under Section 2203.303 (Policyholder’s Stabilization Reserve Fund for Nursing Homes and Assisted Living Facilities) a charge that:

(1)

is in an amount established annually by advisory directors chosen by nursing homes and assisted living facilities eligible for insurance through the association in accordance with the plan of operation;

(2)

is in proportion to each premium payment due for liability insurance through the association; and

(3)

is separately stated in the policy.

(b)

A charge stated in a policy as required by Subsection (a)(3) is not:

(1)

a part of premiums; or

(2)

subject to premium taxation or a servicing fee, acquisition cost, or any other similar charge.

(c)

If the association offers an installment payment plan for coverage obtained through the association, the association may:

(1)

permit payment of the policyholder’s stabilization reserve fund charge under this section on an installment basis; or

(2)

require the policyholder to pay the charge as an annual lump sum.

(d)

Collections of the policyholder’s stabilization reserve fund charge under this section shall continue only until the net balance of the policyholder’s stabilization reserve fund under Section 2203.303 (Policyholder’s Stabilization Reserve Fund for Nursing Homes and Assisted Living Facilities) is not less than the projected sum of premiums for nursing homes and assisted living facilities to be written in the year following the valuation date.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Source: Section 2203.304 — Policyholder's Stabilization Reserve Fund Charge for Nursing Homes and Assisted Living Facilities, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2203.­htm#2203.­304 (accessed Jun. 5, 2024).

2203.001
Short Title 2203.002
Definitions 2203.003
Immunity 2203.004
Applicability of Other Law 2203.005
Relationship to Surplus Lines Insurance 2203.051
Purpose of Association 2203.052
Board of Directors 2203.053
Plan of Operation 2203.054
Amendments to Plan of Operation 2203.055
Joint Underwriting Association Membership 2203.056
Annual Statement 2203.101
General Eligibility 2203.102
Insurer of Last Resort for Certain Nursing Homes and Assisted Living Facilities 2203.103
Eligibility of Other Health Care Practitioners and Facilities 2203.104
Application for Coverage 2203.151
Powers Relating to Medical Liability Insurance Coverage 2203.152
Policy Limits 2203.153
Following Form Excess Liability Coverage 2203.154
Punitive Damages Excluded 2203.155
Installment Plan 2203.156
Term of Policy 2203.201
Applicability of Other Law to Rates and Policy Forms 2203.202
Rate Standards 2203.203
Discount for Certain Health Care Providers 2203.251
Deficit Recoupment 2203.252
Assessment of Policyholders for Deficit Recoupment 2203.253
Limitation on Reimbursement by Member for Deficit Recoupment 2203.254
Contribution by Members for Sound Financial Operation 2203.255
Reimbursement of Assessment or Contribution 2203.256
Standards for Recoupment Provisions 2203.301
Policyholder’s Stabilization Reserve Fund for Physicians and Certain Health Care Providers 2203.302
Policyholder’s Stabilization Reserve Fund Charge for Physicians and Certain Health Care Providers 2203.303
Policyholder’s Stabilization Reserve Fund for Nursing Homes and Assisted Living Facilities 2203.304
Policyholder’s Stabilization Reserve Fund Charge for Nursing Homes and Assisted Living Facilities 2203.305
Separate Funds 2203.351
Purpose 2203.352
Definitions 2203.353
Applicability of Other Laws 2203.354
Issuance of Bonds Authorized 2203.355
Limitation on Amount of Bonds 2203.356
Terms of Issuance 2203.357
Contents of Bond Resolution 2203.358
Source of Payment 2203.359
Surcharge Fee 2203.360
Exemption from Taxation 2203.361
Authorized Investments 2203.362
State Pledge Regarding Bond Owner Rights and Remedies 2203.363
Payment Enforceable by Mandamus 2203.401
Definition 2203.402
Appeal to Board of Directors 2203.403
Decision of Board of Directors 2203.404
Appeal to Commissioner 2203.405
Commissioner’s Decision 2203.406
Appeal of Commissioner’s Decision 2203.1021
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Accessed:
Jun. 5, 2024

§ 2203.304’s source at texas​.gov