Tex. Ins. Code Section 883.156
Assessment on Policyholders


(a)

A policyholder is not liable for an assessment imposed on a policy issued by a mutual insurance company with approval of the commissioner under Section 883.155 (Issuance of Policy for Cash Premium Only)(a).

(b)

An assessment may not be imposed on the holder of a policy described by Section 883.155 (Issuance of Policy for Cash Premium Only)(a) by:

(1)

the officers or directors of a mutual insurance company;

(2)

the department;

(3)

a receiver; or

(4)

a liquidator.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 883.156 — Assessment on Policyholders, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­883.­htm#883.­156 (accessed Apr. 29, 2024).

Accessed:
Apr. 29, 2024

§ 883.156’s source at texas​.gov