Tex. Ins. Code Section 2209.253
Uses of Fund

(a)

Administrative expenses of the pool may be paid from the fund. Payments for administrative expenses during a fiscal year of the pool may not exceed 10 percent of the total amount of the money in the fund during that fiscal year.

(b)

Money in the fund may not be used to pay:

(1)

punitive damages; or

(2)

a fine or penalty imposed for a violation of:

(A)

a statute;

(B)

an administrative rule of a state agency; or

(C)

an ordinance or order of a local government.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Source: Section 2209.253 — Uses of Fund, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2209.­htm#2209.­253 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 2209.253’s source at texas​.gov