Sec. 2211.103. RECOMPUTATION OF REIMBURSEMENT RATIOS. If a participating insurer fails to pay an assessment because of the insurer's insolvency, the association shall immediately recompute the reimbursement ratios to exclude from the ratios the amount of that assessment the commissioner determines is uncollectible, so that the uncollectible amount is assumed by and redistributed among the remaining participating insurers.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle G - Pools, Groups, Plans, and Self-Insurance
Subchapter C. Insurer Participation in Fair Plan
Section 2211.101. Coverage Provided to Insureds in Underserved Area
Section 2211.102. Liability of Insurers to Association; Assessments
Section 2211.103. Recomputation of Reimbursement Ratios
Section 2211.104. Additional Assessment in Event of Deficit; Premium Surcharge Authorized
Section 2211.105. Retention and Use of Profits by Association