Sec. 2210.1052. EMERGENCY MEETING. If the ultimate loss estimate for an occurrence or series of occurrences made by the chief financial officer or chief actuary of the association indicates member insurers may be subject to an assessment under Subchapter B-1, the board of directors shall call an emergency meeting to notify the member insurers about the assessment.
Added by Acts 2019, 86th Leg., R.S., Ch. 790 (H.B. 1900), Sec. 3, eff. June 10, 2019.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle G - Pools, Groups, Plans, and Self-Insurance
Chapter 2210 - Texas Windstorm Insurance Association
Subchapter C. Association Board of Directors; General
Section 2210.101. Accountable to Commissioner
Section 2210.1051. Meetings of Board of Directors
Section 2210.1052. Emergency Meeting
Section 2210.106. Immunity of Director or Officer From Liability
Section 2210.107. Primary Board Objectives; Report